Replies to post #200536 on Iconic Brands Inc (ICNB)

[Whiplash_Investor]

It just appears to be part of the fins, but as a variable interest entity gets excluded:

From 10K, pF-8:

“2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Principles of Consolidation

The consolidated financial statements include the accounts of Iconic, its two 51% owned subsidiaries BiVi and Bellissima, and United Spirits, Inc., a variable interest entity of Iconic (see Note 5) (collectively, the “Company”). All inter-company balances and transactions have been eliminated in consolidation.”