Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Sales $ 4,046,797 $ 634,533
Cost of goods sold 2,205,039 318,633
Gross Profit 1,841,758 315,900
OPERATING EXPENSES    
General and administrative expenses 4,458,387 873,970
Selling and marketing 351,977 121,168
Total operating expenses 4,810,364 995,138
Loss from operations (2,968,606) (679,238)
Other income (expense):    
Gain on forgiveness of PPP loan 0 28,458
Interest expense (183,134) 0
Total other income (expense) (183,134) 28,458
Net loss (3,151,740) (650,780)
Net (loss) income attributable to noncontrolling interests in subsidiaries (93,819) 16,174
Net (loss) attributable to Iconic Brands, Inc. $ (3,057,921) $ (666,954)
Basic and diluted loss per share $ (0.03) $ (0.04)
Weighted average number of shares outstanding 94,923,294 16,309,048