Iconic Brands Inc (ICNB)

[scottgogolf]

Well if that is true than the audit will be fun. I'm not a CPA but that would violate basic GAAP accounting principles. As ICNB is the majority shareholder of Bellissima LLC they would have to consolidate the financials, thus they would report 100% of the Bellissima revenues, not 51%. I think you were lied to.

Also, since we know 1,000 cases per week equals $700K in revenues per quarter, and we know Bellissima just had it's first 1,000 case week, it would be highly improbable for the Q1 rev number to only be 51% of sales.