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Wednesday, August 09, 2017 1:51:30 PM
12-31-2016 430,816
12-31-2015 153,077
For the year ended December 31, 2016, the Company accrued compensation of $250,000
($150,000 for DeCicco; $100,000 for Faltings) for their services rendered. The compensation was
allocated 50% to Iconic ($125,000), 30% to Bellissima ($75,000), and 20% to BiVi ($50,000).
16
Iconic Brands, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2016
(Unaudited)
The $250,000 liability at December 31, 2016 is included in “Accounts Payable and Accrued
Expenses” on the Consolidated Balance Sheet at December 31, 2016.
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