v3.20.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Consolidated Statements of Operations (Unaudited)    
Sales $ 405,886 $ 121,913
Cost of Sales 252,426 81,435
Gross profit 153,460 40,478
Operating expenses:    
Officers compensation 103,750 185,750
Professional and consulting fees 186,789 448,519
Royalties 15,964 75,188
Marketing and advertising 128,645 46,467
Occupancy costs 22,251 27,623
Travel and entertainment 19,469 64,269
Investor relations 361,689 84,003
Other 227,001 91,023
Total operating expenses 1,065,558 1,022,842
Operating loss (912,098) (982,364)
Net loss attributable to noncontrolling interests in subsidiaries and variable interest entity 74,178 309,697
Net loss attributable to Iconic Brands, Inc. $ (837,920) $ (672,667)
Net loss per common share - basic and diluted: $ (0.05) $ (0.11)
Weighted average common shares outstanding and to be issued to Escrow Agent:    
Basic and diluted 15,416,710 6,159,404

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