Iconic Brands Inc (ICNB)

[TradingBabyishere]

Here are simple facts from the annual report in 2017.

Page F-3

Total Assets
2016: $217k
2017: $1.6 mil

Total Liabilities
2016: $9.3 mil
2017: $2.6 mil

Both great trends

Page F-4 (that #fakenews is not reading right)

Gross Profit
2016: $124k
2017: $1.7 mil

Income from operation (this includes fixed and variable expenses)
2016: lost $704k
2017: $431k

If those above are included it only makes since to drive towards the net income that includes all expenses and income like everyone would tell you

Net Income
2016: lost $6 mil
2017: $4.5 mil

So good ol’ trading baby is right again.

Cheers

ICNB

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