Replies to post #180859 on Iconic Brands Inc (ICNB)

[Trez]

Never known a brand to actually make a profit in its first year, or even first several years, but good luck with your analysis

[ProfessorPeacock]

https://instagram.com/sparklingwinos?utm_source=ig_profile_share&igshid=1bxm0hkhcdxbj Check their story .. 35k followers .. came to see Christie

[TradingBabyishere]

So basic math 101 here right from the filings:

ICNB has revenue just over 3.2 million last year.

ICNB also has gross profit of just under 1.7 million last year.

The only thing that may look concerning is the fact that liabilities on the balance sheet still remain larger than the assets, but this is because the carried debt is still in play.

This debt is now been paid and more financing secured.

The company has great profit margins on their product and this is the most important thing to look at.

Clearly it will take more sales to turn the company profitable, but don’t for a second believe this will not take place.

;-)

[STEVEN52]

Good points!All Rich did was cleverly masked the $600,000.00 loaned to him for upfront payment.

[TrendSeeker]

Sneaky Rich, offsetting his losses!!

[Whiplash_Investor]

Nice analysis!

[QServus]

$ICNB Financial Analysis - The $600,000 charge

Cheeseburgers


ICNB

[TheGent]

Sounds illegal

[STEVEN52]

Very comprehensive, and your analysis/attention to details/deciphering of hard-to-understand accounting concepts are most welcome. Thank you sir!