Iconic Brands Inc (ICNB)

[Drugdoctor]

Here's how I got $4.6 MILLION-in-first-quarter-REVENUE- and 1.2 million in NET REVENUE (Profits) using the financials..

Q1-NET-INCOME-before-any-accounting-charges-will-be-$1,241,820.00

From the just released financials....

https://www.otcmarkets.com/financialReportViewer?symbol=ICNB&id=169766

Sales $ 363,219 $
Cost of Sales 214,457
Gross profit 148,762

Now this is reported from maybe 7000 cases of Bellissima sold...

Let's extrapolate it to 1st quarter now.... shall we?

Remember, we had a 30,000 case quota per month quota = 90,000 cases for 1st quarter...

So if 7000 cases = $363,219 = 51.89 per case, then 90,000 cases = $4,670,100 in first quarter revenues!

Now, if cost of sales(cogs) was 214,457 for 7000 cases, then 30.63 per case x 90,000 cases will be the cost of good sold for quarter 1, 2017 or $2,756,700!

Now, how much GROSS PROFIT did $ICNB make using those numbers???

Subtract cost of sales from the total revenue above

$4,670,100
-2,756,700
__________
$1,913,400 is the GROSS PROFIT for quarter 1, 2017

Now, how much were expenses during 2016? Let's assume the whole year's expenses were incurred in the 4th quarter = 671,580 - and that those expenses would be the operating expenses for Q1, 2017!

NET-INCOME-before-any-accounting-charges-will-be-$1,241,820.00