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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
REVENUE    
Sales $ 4,960,016 $ 2,848,913
Cost of sales 4,628,734 1,330,441
Gross Profit 331,282 1,518,472
OPERATING (INCOME) EXPENSES    
General and administrative expenses 10,453,730 3,915,119
Selling and marketing 716,727 801,445
Gain from the cancellation of accrued royalties (577,590) 0
Total operating expenses 10,592,867 4,716,564
Loss from operations (10,261,585) (3,198,092)
Other income (expense):    
Gain on forgiveness of PPP loan 28,458 0
Interest expense (271,749) 0
Loss on investment in and receivable from Can B Corp 0 (483,472)
Total other income (expense) (243,291) (483,472)
Net loss (10,504,876) (3,681,564)
Net loss attributable to noncontrolling interests in subsidiaries (40,882) (109,962)
Net loss attributable to Iconic Brands, Inc. $ (10,463,994) $ (3,571,602)
Basic and diluted loss per share $ (0.22) $ (0.22)
Weighted average number of shares outstanding 48,378,549 16,367,218