UNITED
STATES
|
|
SECURITIES
AND EXCHANGE COMMISSION
|
|
Washington,
D.C. 20549
|
|
FORM
10-Q
|
|
x QUARTERLY REPORT UNDER TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
|
FOR THE QUARTERLY PERIOD ENDED
June 30, 2009
|
|
OR
|
|
o TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
|
Large Accelerated
Filer
|
¨
|
Accelerated
Filer
|
¨
|
Non-accelerated
Filer
|
¨
|
Smaller Reporting
Company
|
x
|
PART
I— FINANCIAL INFORMATION
|
||
Item
1.
|
Financial
Statements
|
3 |
Item
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
19 |
Item
3.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
24 |
Item
4T.
|
Controls
and Procedures
|
24 |
PART
II— OTHER INFORMATION
|
||
Item
1.
|
Legal
Proceedings
|
25 |
Item
1A.
|
Risk
Factors
|
25 |
Item
2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds
|
25 |
Item
3.
|
Defaults
Upon Senior Securities
|
25 |
Item
4.
|
Submission
of Matters to a Vote of Security Holders
|
25 |
Item
5.
|
Other
Information
|
25 |
Item
6.
|
Exhibits
|
25 |
SIGNATURES
|
Iconic
Brands, Inc. and Subsidiary
|
||||||||
Consolidated
Balance Sheets
|
||||||||
June
30,
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
(Unaudited)
|
||||||||
Assets
|
||||||||
Current
assets:
|
||||||||
Cash
and cash equivalents
|
$ | 1,155 | $ | 10,970 | ||||
Accounts
receivable, net of allowance for doubtful
|
||||||||
accounts
of $ 35,000 and $ 35,000, respectively
|
188,361 | 484,164 | ||||||
Inventories
|
591,193 | 738,507 | ||||||
Prepaid
expenses and other current assets
|
169,842 | 595,769 | ||||||
Total
current assets
|
950,551 | 1,829,410 | ||||||
Property,
plant and equipment, net
|
9,906 | 6,294 | ||||||
Restricted
cash and cash equivalents
|
75,000 | 100,000 | ||||||
Total
assets
|
$ | 1,035,457 | $ | 1,935,704 | ||||
Liabilities and Stockholders' Equity
(Deficiency)
|
||||||||
Current
liabilities:
|
||||||||
Current
portion of debt
|
$ | 674,776 | $ | 4,422,393 | ||||
Accounts
payable
|
1,361,523 | 1,481,916 | ||||||
Accrued
expenses and other current liabilities
|
1,235,901 | 938,494 | ||||||
Total
current liabilities
|
3,272,200 | 6,842,803 | ||||||
Long
term debt
|
1,770,747 | 2,292,380 | ||||||
Total
liabilities
|
5,042,947 | 9,135,183 | ||||||
Stockholders'
equity (deficiency):
|
||||||||
Preferred
stock, $.00001 par value;
|
||||||||
authorized
100,000,000 shares:
|
||||||||
Series
A, designated 1 share, issued, and outstanding
|
1 | - | ||||||
1
and 0 shares, respectively
|
||||||||
Series
B, $2.00 per share stated value; designated
|
||||||||
1,000,000
shares, issued and outstanding
|
||||||||
916,603
and 0 shares, respectively
|
1,833,206 | - | ||||||
Common
stock, $.00001 par value; authorized 100,000,000
|
||||||||
shares,
issued and outstanding 42,310,301
|
||||||||
and
24,909 shares, respectively
|
423 | - | ||||||
Additional
paid-in capital
|
6,365,757 | 1,278,656 | ||||||
Retained
earnings (deficit)
|
(12,206,877 | ) | (8,478,135 | ) | ||||
Total
stockholders' equity (deficiency)
|
(4,007,490 | ) | (7,199,479 | ) | ||||
Total
liabilities and stockholders' equity (deficiency)
|
$ | 1,035,457 | $ | 1,935,704 | ||||
Iconic
Brands, Inc. and Subsidiary
|
||||||||||||||||
Consolidated
Statements of Operations
|
||||||||||||||||
(Unaudited)
|
||||||||||||||||
Six
Months Ended
|
Three
Months Ended
|
|||||||||||||||
June
30,
|
June
30,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||
Sales
|
$ | 336,170 | $ | 806,041 | $ | 252,233 | $ | 293,993 | ||||||||
Cost
of goods sold
|
228,371 | 649,969 | 163,010 | 232,928 | ||||||||||||
Gross
profit
|
107,799 | 156,072 | 89,223 | 61,065 | ||||||||||||
Selling,
general and administrative expenses:
|
||||||||||||||||
Selling,
marketing and promotion
|
123,795 | 240,024 | 31,370 | 172,324 | ||||||||||||
Administrative
compensation and benefits
|
606,498 | 568,636 | 425,154 | 342,012 | ||||||||||||
Stock-based
compensation issued in connection with merger
|
2,063,411 | - | 2,063,411 | - | ||||||||||||
Professional
fees
|
288,518 | 187,549 | 139,368 | 117,435 | ||||||||||||
Occupancy
and warehousing
|
101,208 | 139,183 | 24,646 | 71,286 | ||||||||||||
Travel
and entertainment
|
36,237 | 191,144 | 11,187 | 174,383 | ||||||||||||
Office
|
19,776 | 63,608 | 7,261 | 57,873 | ||||||||||||
Licenses
and permits
|
1,670 | 31,790 | 400 | 25,770 | ||||||||||||
Other
|
23,220 | 15,064 | 18,014 | 9,836 | ||||||||||||
Total
|
3,264,333 | 1,436,998 | 2,720,811 | 970,919 | ||||||||||||
Income
(loss) from operations
|
(3,156,534 | ) | (1,280,926 | ) | (2,631,588 | ) | (909,854 | ) | ||||||||
Interest
expense
|
(572,208 | ) | (584,251 | ) | (373,936 | ) | (267,335 | ) | ||||||||
Income
(loss) before income taxes
|
(3,728,742 | ) | (1,865,177 | ) | (3,005,524 | ) | (1,177,189 | ) | ||||||||
Income
taxes
|
- | - | - | - | ||||||||||||
Net
income (loss)
|
$ | (3,728,742 | ) | $ | (1,865,177 | ) | $ | (3,005,524 | ) | $ | (1,177,189 | ) | ||||
Net
income (loss) per common share - basic and diluted
|
$ | (0.76 | ) | $ | (110.50 | ) | $ | (0.31 | ) | $ | (69.02 | ) | ||||
Weighted
average number of common shares
|
||||||||||||||||
outstanding
- basic and diluted
|
4,930,669 | 16,879 | 9,782,833 | 17,057 | ||||||||||||
Iconic
Brands, Inc. and Subsidiary
|
||||||||||||||||||||||||||||||||||||
Consolidated
Statement of Changes in Stockholders' Equity (Deficiency)
|
||||||||||||||||||||||||||||||||||||
(Unaudited)
|
||||||||||||||||||||||||||||||||||||
Series
A Preferred Stock, $0.00001 par value
|
Series
B Preferred Stock, $2.00 stated value
|
Common
Stock,
$0.00001
par value
|
Additional
Paid-in Capital
|
Retained
Earnings (Deficit)
|
||||||||||||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
Total
|
||||||||||||||||||||||||||||||
Balance,
December 31, 2008
|
- | $ | - | - | $ | - | 24,909 | $ | - | $ | 1,278,656 | $ | (8,478,135 | ) | $ | (7,199,479 | ) | |||||||||||||||||||
Equity
investment
|
- | - | - | - | - | - | 100,000 | - | 100,000 | |||||||||||||||||||||||||||
Issuance
of stock to management
|
||||||||||||||||||||||||||||||||||||
and
employees on June 10, 2009
|
1 | 1 | - | - | 19,634,112 | 196 | 2,063,214 | - | 2,063,411 | |||||||||||||||||||||||||||
Issuance
of stock to Danny DeVito
|
||||||||||||||||||||||||||||||||||||
and
affiliates on June 10, 2009
|
- | - | - | - | 2,086,973 | 21 | 208,676 | - | 208,697 | |||||||||||||||||||||||||||
Issuance
of stock to Noteholders
|
||||||||||||||||||||||||||||||||||||
in
satisfaction of debt and accrued
|
||||||||||||||||||||||||||||||||||||
interest
|
- | - | - | - | 4,406,307 | 44 | 2,203,110 | - | 2,203,154 | |||||||||||||||||||||||||||
Issuance
of stock to Capstone
|
||||||||||||||||||||||||||||||||||||
in
connection with
|
||||||||||||||||||||||||||||||||||||
Termination
Agreement
|
- | - | 916,603 | 1,833,206 | 1,000,000 | 10 | 499,990 | - | 2,333,206 | |||||||||||||||||||||||||||
Acquisition
of Harbrew Imports, Ltd.
|
- | - | - | - | 15,158,000 | 152 | (152 | ) | - | - | ||||||||||||||||||||||||||
Stock
options and warrants
|
||||||||||||||||||||||||||||||||||||
compensation
expense
|
- | - | - | - | - | - | 12,263 | - | 12,263 | |||||||||||||||||||||||||||
Net
loss
|
- | - | - | - | - | - | - | (3,728,742 | ) | (3,728,742 | ) | |||||||||||||||||||||||||
Balance,
June 30, 2009
|
1 | $ | 1 | 916,603 | $ | 1,833,206 | 42,310,301 | $ | 423 | $ | 6,365,757 | $ | (12,206,877 | ) | $ | (4,007,490 | ) | |||||||||||||||||||
Iconic
Brands, Inc. and Subsidiary
|
||||||||
Consolidated
Statements of Cash Flows
|
||||||||
(Unaudited)
|
||||||||
Six
Months Ended
|
||||||||
June
30,
|
||||||||
2009
|
2008
|
|||||||
Cash
flows from operating activities:
|
||||||||
Net
income (loss)
|
$ | (3,728,742 | ) | $ | (1,865,177 | ) | ||
Adjustments
to reconcile net income
|
||||||||
(loss)
to net cash provided by (used in)
|
||||||||
operating
activities:
|
||||||||
Depreciation
|
1,530 | 700 | ||||||
Amortization
of debt discounts
|
||||||||
charged
to interest expense
|
284,177 | 38,990 | ||||||
Stock-based
compensation
|
2,462,892 | 100,046 | ||||||
Changes
in operating assets and liabilities:
|
||||||||
Accounts
receivable, net
|
295,803 | 343,243 | ||||||
Inventories
|
147,314 | 454,864 | ||||||
Prepaid
expenses and other current assets
|
247,406 | 7,692 | ||||||
Restricted
cash and cash equivalents
|
25,000 | - | ||||||
Accounts
payable
|
(120,393 | ) | 250,685 | |||||
Accrued
expenses and other current
|
||||||||
liabilities
|
474,936 | 319,518 | ||||||
Net
cash provided by (used in)
|
||||||||
operating
activities
|
89,923 | (349,439 | ) | |||||
Cash
flows from investing activities:
|
||||||||
Property,
plant and equipment additions
|
(5,142 | ) | - | |||||
Cash
flows from financing activities:
|
||||||||
Increases
in debt, net
|
- | 319,884 | ||||||
Repayment
of debt
|
(194,596 | ) | (13,927 | ) | ||||
Equity
investment
|
100,000 | - | ||||||
Net
cash provided by (used in)
|
||||||||
financing
activities
|
(94,596 | ) | 305,957 | |||||
Increase
(decrease) in cash and
|
||||||||
cash
equivalents
|
(9,815 | ) | (43,482 | ) | ||||
Cash
and cash equivalents, beginning of period
|
10,970 | 43,664 | ||||||
Cash
and cash equivalents, end of period
|
$ | 1,155 | $ | 182 | ||||
Supplemental
disclosures of cash flow information:
|
||||||||
Interest
paid
|
$ | 231,621 | $ | 501,959 | ||||
Income
taxes paid
|
$ | - | $ | - | ||||
Non-cash
financing activities:
|
||||||||
Shares
of common stock issued to noteholders in
|
||||||||
satisfaction
of debt and accrued interest
|
$ | 2,203,154 | $ | - | ||||
Securities
issued to Capstone in connection with
|
||||||||
Termination
Agreement and satisfaction of debt:
|
||||||||
Unsecured
promissory note
|
$ | 500,000 | $ | - | ||||
Series
B preferred stock
|
1,833,205 | - | ||||||
Common
stock
|
500,000 | - | ||||||
Total
|
$ | 2,833,205 | $ | - | ||||
1.
|
ORGANIZATION
AND NATURE OF BUSINESS
|
2.
|
INTERIM
FINANCIAL STATEMENTS
|
3.
|
INVENTORIES
|
June
30,
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
Danny
DeVito's Premium Limoncello (liqueur) brand
|
$ | 96,105 | $ | 192,898 | ||||
Hot
Irishman (Irish coffee) brand
|
126,613 | 127,693 | ||||||
Molly's
(Irish cream liqueur) brand
|
5,901 | 6,454 | ||||||
Glen
Master (scotch) brand
|
112,536 | 119,351 | ||||||
George
Vesselle (champagne) brand
|
80,060 | 80,604 | ||||||
Other
|
169,977 | 211,507 | ||||||
Total
|
$ | 591,193 | $ | 738,507 | ||||
4.
|
PREPAID
EXPENSES AND OTHER CURRENT ASSETS
|
June
30,
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
Prepaid
inventory purchases
|
$ | 113,820 | $ | 369,820 | ||||
Prepaid
stock compensation paid to consultants
|
29,151 | 208,411 | ||||||
Other
|
26,872 | 17,538 | ||||||
Total
|
$ | 169,842 | $ | 595,769 | ||||
5.
|
PROPERTY,
PLANT AND EQUIPMENT, NET
|
June
30,
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
Vehicles
|
$ | 126,295 | $ | 126,295 | ||||
Office
& warehouse equipment
|
20,852 | 15,711 | ||||||
Total
|
147,147 | 142,006 | ||||||
Accumulated
depreciation
|
(137,241 | ) | (135,712 | ) | ||||
Net
|
$ | 9,906 | $ | 6,294 | ||||
6.
|
DEBT
|
June
30,
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
Due
under Purchase Order Financing Agreement
|
$ | - | $ | 2,937,177 | ||||
Due
under Discount Factoring Agreement
|
- | 55,741 | ||||||
Convertible
notes, interest at 7% to 14%, due
|
||||||||
July
2, 2012 to July 2, 2013 - net of unamortized
|
||||||||
discounts
of $45,224 and $328,875, respectively
|
229,776 | 766,750 | ||||||
Convertible
debentures, interest at 9%, due
|
||||||||
December
10, 2008 to January 23, 2009 - net
|
||||||||
of
unamortized discounts of $0 and $525, respectively
|
- | 104,475 | ||||||
Interim
loan convertible promissory notes issued from
|
||||||||
July
22, 2008 to September 9, 2008, interest at 0%,
|
||||||||
due
the earlier of (1) one year after the date of issuance
|
||||||||
or
(2) completion of $3,000,000 minimum new private
|
||||||||
placement
(in which case the notes will be automatically
|
||||||||
converted
into new units)
|
- | 1,100,000 | ||||||
Promissory
note, interest at 20%, due January 9, 2009
|
||||||||
to
January 29, 2009
|
100,000 | 100,000 | ||||||
Unsecured
promissory note, interest at 7%, due in
|
||||||||
installments
until June 10, 2011
|
500,000 | - | ||||||
Convertible
promissory notes, interest at 10%,
|
||||||||
due
October 25, 2007 to November 27, 2007
|
125,000 | 125,000 | ||||||
Due
Donald Chadwell (significant stockholder)
|
||||||||
interest
at 0%, no repayment terms
|
763,000 | 763,000 | ||||||
Due
Richard DeCicco (officer, director, and significant
stockholder)
|
||||||||
and
affiliates, interest at 0%, no repayment terms
|
727,747 | 762,630 | ||||||
Total
|
2,445,523 | 6,714,773 | ||||||
Less
current portion of debt
|
(674,776 | ) | (4,422,393 | ) | ||||
Long
term debt
|
$ | 1,770,747 | $ | 2,292,380 | ||||
June
30,
|
December
31,
|
|||||||
2009
|
2008
|
|||||||
Convertible
notes, interest at 7% to 14%
|
$ | 74,808 | $ | 174,513 | ||||
Convertible
debentures, interest at 9%
|
- | 4,744 | ||||||
Promissory
note, interest at 20%
|
11,905 | 1,973 | ||||||
Convertible
promissory notes, interest at 10%
|
20,986 | 36,031 | ||||||
Total
|
$ | 107,699 | $ | 217,261 | ||||
7.
|
STOCKHOLDERS’
EQUITY
|
1)
|
24,592
shares were issued to Harbrew Florida
stockholders,
|
2)
|
19,634,112
shares valued at $1,963,411 were issued to Company management and
employees for services, including 15,972,359 shares to the Company’s Chief
Executive Officer, 100,000 shares to the Company’s Chief Financial
Officer, and 2,586,753 shares to Donald
Chadwell,
|
3)
|
2,086,973
shares valued at $208,697 were issued to Danny DeVito and
affiliates for services,
|
4)
|
4,406,307
shares were issued to noteholders in satisfaction of $2,025,625 of debt
and $177,529 of accrued interest,
and
|
5)
|
1,000,000
shares were issued to Capstone as part of the Termination
Agreement.
|
8.
|
INCOME
TAXES
|
9.
|
COMMITMENTS
AND CONTINGENCIES
|
10.
|
STOCK
OPTIONS AND WARRANTS
|
Stock
|
||||||||
Options
|
Warrants
|
|||||||
Outstanding
at January 1, 2008
|
300,000 | 3,887,500 | ||||||
Granted
and issued
|
1,000,000 | 1,870,000 | ||||||
Exercised
|
- | - | ||||||
Forfeited/expired/cancelled
|
- | - | ||||||
Outstanding
at December 31, 2008
|
1,300,000 | 5,757,500 | ||||||
Granted
and issued
|
- | 1,000,000 | ||||||
Exercised
|
- | - | ||||||
Forfeited/expired/cancelled
|
- | (120,000 | ) | |||||
Outstanding
at June 30, 2009
|
1,300,000 | 6,637,500 | ||||||
Date
|
Number
|
Number
|
Exercise
|
Expiration
|
||||
Granted
|
Outstanding
|
Exercisable
|
Price
|
Date
|
||||
October
1, 2007
|
100,000
|
100,000
|
$0.05
|
April
1, 2011
|
||||
October
1, 2007
|
100,000
|
100,000
|
$0.15
|
April
1, 2011
|
||||
October
1, 2007
|
100,000
|
-
|
$0.75
|
April
1, 2011
|
||||
January
1, 2008
|
1,000,000
|
-
|
$0.10
|
(a)
|
June
30, 2013
|
|||
Total
|
1,300,000
|
200,000
|
||||||
Date
|
Number
|
Number
|
Exercise
|
Expiration
|
|||||
Issued
|
Outstanding
|
Exercisable
|
Price
|
Date
|
|||||
July
2, 2007
|
500,000
|
500,000
|
$1.00
|
July
2, 2012
|
|||||
July
2, 2007
|
500,000
|
500,000
|
$1.50
|
July
2, 2012
|
|||||
August
27, 2007
|
550,000
|
550,000
|
$1.00
|
August
27, 2012
|
|||||
August
27, 2007
|
550,000
|
550,000
|
$1.50
|
August
27, 2012
|
|||||
November
1, 2007
|
45,000
|
45,000
|
$0.50
|
November
30, 2009
|
|||||
November
8, 2007
|
811,250
|
811,250
|
$1.00
|
November
8, 2012
|
|||||
November
8, 2007
|
811,250
|
811,250
|
$1.50
|
November
8, 2012
|
|||||
March
5, 2008
|
192,500
|
192,500
|
$1.00
|
March
5, 2013
|
|||||
March
5, 2008
|
192,500
|
192,500
|
$1.50
|
March
5, 2013
|
|||||
June
10, 2008
|
27,500
|
27,500
|
$1.00
|
June
10, 2013
|
|||||
June
10, 2008
|
27,500
|
27,500
|
$1.50
|
June
10, 2013
|
|||||
June
10, 2008
|
25,000
|
25,000
|
$1.00
|
December
10, 2013
|
|||||
June
10, 2008
|
25,000
|
25,000
|
$1.50
|
December
10, 2013
|
|||||
June
11, 2008
|
30,000
|
30,000
|
$1.00
|
December
10, 2013
|
|||||
June
11, 2008
|
30,000
|
30,000
|
$1.50
|
December
10, 2013
|
|||||
July
2, 2008
|
110,000
|
110,000
|
$1.00
|
January
2, 2014
|
|||||
July
2, 2008
|
110,000
|
110,000
|
$1.50
|
January
2, 2014
|
|||||
July
23, 2008
|
50,000
|
50,000
|
$1.00
|
January
23, 2014
|
|||||
July
23, 2008
|
50,000
|
50,000
|
$1.50
|
January
23, 2014
|
|||||
August
11, 2008
|
1,000,000
|
1,000,000
|
$1.00
|
August
11, 2013
|
|||||
June
10, 2009
|
1,000,000
|
1,000,000
|
$0.50
|
June
10, 2012
|
|||||
Total
|
6,637,500
|
6,637,500
|
11.
|
SUBSEQUENT
EVENTS
|
|
Three
individual holders of the Company’s 7% Convertible Promissory Notes
converted $72,500 of debt and $22,560 of interest into 190,120 shares of
the Company’s Common Stock.
|
·
|
Harbrew
New York became our wholly owned subsidiary;
|
·
|
In
exchange for all of the shares of Harbrew common stock, each share of
Harbrew’s common stock issued and outstanding immediately prior to the
closing of the Merger was converted into one share of Iconic Brands’
common stock;
|
Six
Months Ended
|
||||||||
June
30,
|
||||||||
2009
|
2008
|
|||||||
(Unaudited)
|
(Unaudited)
|
|||||||
Sales
|
$
|
336,170
|
$
|
806,041
|
||||
Cost
of goods sold
|
228,371
|
649,969
|
||||||
Gross
profit
|
107,799
|
156,072
|
||||||
Selling,
general and administrative expenses:
|
||||||||
Selling,
marketing and promotion
|
123,795
|
240,024
|
||||||
Administrative
compensation and benefits
|
606,498
|
568,636
|
||||||
Stock based compensation issued in connection with merger | 2,063,411 | - | ||||||
Professional
fees
|
288,518
|
187,549
|
||||||
Occupancy
and warehousing
|
101,208
|
138,183
|
||||||
Travel
and entertainment
|
36,237
|
191,144
|
||||||
Office
|
19,776
|
63,608
|
||||||
Licenses
and permits
|
1,670
|
31,790
|
||||||
Other
|
23,220
|
15,064
|
||||||
Total
|
3,264,333
|
1,436,998
|
||||||
Income
(loss) from operations
|
(3,156,534
|
)
|
(1,280,926)
|
)
|
||||
Interest
expense
|
(572,208
|
)
|
(584,251
|
)
|
||||
Income
(loss) before income taxes
|
(3,728,742
|
)
|
(1,865,177
|
)
|
||||
Income
taxes
|
-
|
-
|
||||||
Net
income (loss)
|
$
|
(3,728,742
|
)
|
$
|
(1,865,177
|
)
|
||
·
|
An
increase in working capital requirements to finance higher level of
inventories and accounts
receivable,
|
·
|
Addition
of administrative and sales personnel as the business
grows,
|
·
|
Increases
in advertising, public relations and sales promotions for existing and new
brands as the company expands within existing markets or enters new
markets,
|
·
|
Development
of new brands to complement our current celebrity portfolio,
and
|
·
|
The
cost of being a public company and the continued increase in costs due to
governmental compliance activities.
|
Exhibit No.
|
Document
Description
|
31.1
|
Certification
of Principal Executive Officer pursuant to Rule 13a-15(e) and 15d-15(e),
promulgated under the Securities and Exchange Act of 1934, as
amended.
|
31.2
|
Certification
of Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e),
promulgated under the Securities and Exchange Act of 1934, as
amended.
|
32.1
|
Certification
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 (Chief Executive
Officer).
|
32.2
|
Certification
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 (Chief Financial
Officer).
|
Iconic Brands,
Inc.
|
|
By:
/s/Richard
DeCicco
|
|
Richard DeCicco
|
|
President, Principal Executive
Officer
|
|
By:
/s/William
Blacker
|
|
William Blacker
|
|
Principal
Financial Officer
|