UNITED SPIRITS, INC. (Tables)

12 Months Ended

Dec. 31, 2020

UNITED SPIRITS, INC. (Tables)

Schedule of financial information of Iconic

Balance Sheets:	December 31, 2020			December 31, 2019
Cash and cash equivalents	$	448,254		$	130,454
Intercompany receivable from Iconic (A)		1,693,012			56,495
Right-of-use asset		4,441			54,955
Total assets	$	2,145,707		$	241,904
Accounts payable and accrued expenses	$	210,693		$	187,658
Loans payable to officer and affiliated entity		58,582			88,077
SBA Paycheck Protection Program loan		28,458			-
Intercompany payable to Bellissima (A)		2,242,243			317,722
Intercompany payable to BiVi (A)		66,876			66,876
Operating lease liability		4,441			54,955
Total Liabilities		2,611,293			715,288
Noncontrolling interest in VIE		(465,586	)		(473,384	)
Total liabilities and stockholders’ deficiency	$	2,145,707		$	241,904
	Year ended December 31,
Statements of operations:	2020			2019
Intercompany distribution income (A)	$	19,134		$	13,418
Royalty expense		-			127,500
Officers’ compensation Other operating expenses – net	- 11,337			82,000 46,069
Total operating expenses		11,337			255,569
Net income (loss)	$	7,797		$	(242,151	)
(A) Eliminated in consolidation