Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 338,863 $ 773,322
Accounts receivable, related party 174,059 45,517
Prepaid and other assets 733,020 19,917
Total Current Assets 1,245,942 838,756
Intangibles, net 20,000 0
Note receivable, related party 95,640 0
Deposit 0 3,500
Total Assets 1,361,582 842,256
Current Liabilities:    
Accounts payable 592,665 207,665
Other payable and accruals 800,775 263,230
Accrued interest, related party 202,023 6,346
Accrued compensation 0 72,200
Stock payable 654,166 0
Treasury stock payable, current 131,400 0
Loans and advances payable, related party 376,382 546,989
Notes payable 53,822 0
Total Current Liabilities 2,811,233 1,096,430
Treasury stock payable, net of current portion 197,100 0
Loans payable, net of current portion, related party 1,100,000 0
Total Liabilities 4,108,333 1,096,430
Stockholders' Deficit:    
Preferred Stock, par value $0.001 40,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, par value $0.001 300,000,000 shares authorized, 159,140,665 and 159,140,665 shares issued and outstanding, respectively 159,141 159,141
Additional paid in capital 15,950,403 15,723,705
Treasury Stock at cost (394,200) 0
Accumulated deficit (18,388,186) (16,137,020)
Total Starco Brands' Deficit (2,672,842) (254,174)
Non-controlling Interest (73,909) 0
Total Stockholders' Deficit (2,746,751) (254,174)
Total Liabilities and Stockholders' Deficit $ 1,361,582 $ 842,256