Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues, net, related party $ 673,329 $ 1,365,360
Operating Expenses:    
Compensation expense 285,837 185,537
Professional fees 460,363 145,416
Marketing, General and administrative 1,159,520 307,278
Marketing, related party 1,058,210 200,000
Total operating expenses 2,963,930 838,231
Income (loss) from operations (2,290,601) 527,129
Other Income (Expense):    
Interest expense (30,973) (37,173)
Gain on forgiveness of debt 0 37,580
Other income (expense) (3,500) 15,750
Total other income (expense) (34,473) 16,157
Income (loss) before provision for income taxes (2,325,074) 543,286
Provision for income taxes 0 0
Net Income (Loss) (2,325,074) 543,286
Net income attributable to non-controlling interest 73,909 0
Net Income (Loss) attributable to Starco Brands $ (2,251,165) $ 543,286
Income (loss) per share, basic & diluted (in dollars per share) $ (0.01) $ 0
Weighted Average Shares Outstanding, basic and diluted (in shares) 159,140,665 159,112,859