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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE        
Sales $ 2,846,437 $ 712,198 $ 4,065,884 $ 2,173,684
Total revenue 2,846,437 712,198 4,065,884 2,173,684
Cost of goods sold 2,151,088 269,763 2,794,927 850,249
Gross Profit 695,349 442,435 1,270,957 1,323,435
OPERATING EXPENSES        
General and administrative expenses 2,784,102 694,627 5,272,073 2,484,612
Selling and marketing 1,256,589 385,709 1,659,956 926,759
Total operating expenses 4,040,691 1,080,336 6,932,029 3,411,371
Loss from operations (3,345,342) (637,901) (5,661,072) (2,087,936)
Other income (expense):        
Gain on forgiveness of PPP loan 0 0 28,458 0
Interest and amortization expense (452,539) 0 (483,293) 0
Loss on investment in and receivable from Can B Corp 0 (557,307) 0 (483,472)
Other expense, net (22,708) 0 (22,708) 0
Total other income (expense) (475,247) (557,307) (477,543) (483,472)
Net loss (3,820,589) (1,195,208) (6,138,615) (2,571,408)
Net (loss) income attributable to noncontrolling interests in subsidiaries (163,024) 23,893 (138,078) 37,321
Net (loss) attributable to Iconic Brands, Inc. $ (3,657,565) $ (1,219,101) $ (6,138,615) $ (2,571,408)
Basic and diluted loss per share $ (0.05) $ (0.07) $ (0.18) $ (0.16)
Weighted average number of shares outstanding 69,757,489 16,268,881 34,394,031 16,066,664

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