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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE    
Sales $ 2,014,919 $ 4,046,797
Cost of goods sold 1,124,123 2,205,039
Gross Profit 890,796 1,841,758
OPERATING EXPENSES    
General and administrative expenses 3,174,814 4,458,387
Selling and marketing 110,762 351,977
Total operating expenses 3,285,576 4,810,364
Loss from operations (2,394,780) (2,968,606)
Other income (expense):    
Interest expense (171,040) (183,134)
Other income, net 32,540 0
Total other expense (138,500) (183,134)
Net loss (2,533,280) (3,151,740)
Net income (loss) attributable to noncontrolling interests in subsidiaries 149,379 (93,819)
Net loss attributable to Iconic Brands, Inc. $ (2,682,659) $ (3,057,921)
Basic and diluted loss per common share $ (0.03) $ (0.03)
Weighted average number of shares outstanding, basic and diluted 107,301,027 94,923,294