Hello,

You are right! Sorry for the inconvenience. We will fix this in the next theme update.
In the mean time, please go to file includes/core/core-functions.php
Right after this line:
/*--------------------- End Text Limit ----------------------------------*----- */
Add this block of code:

/*--------------------- FAVICON ----------------------------------------------- */

if(!function_exists('codeless_favicon'))
{
	function codeless_favicon($url = "")
	{
		$icon_link = "";
		if($url)
		{
			$type = "image/x-icon";
			if(strpos($url,'.png' )) $type = "image/png";
			if(strpos($url,'.gif' )) $type = "image/gif";
		
			$icon_link = '<link rel="icon" href="'.$url.'" type="'.$type.'">';
		}
		
		return $icon_link;
	}
}
/*--------------------- End FAVICON ----------------------------------------- */

Save changes.
Let me know if you need further help.

Best regards!