Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,480,371 $ 338,863
Accounts receivable, net, $2,107,015 and $174,059 from related party, respectively 2,555,525 174,059
Prepaid expenses and other assets 902,090 733,020
Inventory 3,033,653
Total Current Assets 7,971,639 1,245,942
Property and equipment, net 25,873
Operating lease right-of-use assets 61,353
Intangibles, net 198,403 20,000
Goodwill 32,836,563
Note receivable, $95,640 and $95,640 from related party, respectively 95,640 95,640
Total Assets 41,189,471 1,361,582
Current Liabilities:    
Accounts payable 3,245,573 592,665
Other payables and accrued liabilities 1,135,803 800,775
Accrued interest, $6,960 and $202,023 from related party, respectively 6,960 202,023
Stock payable 654,166
Treasury stock payable, current 131,400 131,400
Loans and advances payable, related party 376,382
Notes payable, $3,047,533 and - from related party, respectively 3,109,535 53,822
Lease liability 61,605
Total Current Liabilities 7,690,876 2,811,233
Treasury stock payable, net of current portion 65,700 197,100
Loans payable, net of current portion, $572,500 and $1,100,000 from related party, respectively 572,500 1,100,000
Total Liabilities 8,329,076 4,108,333
Commitments and Contingencies (Note 6)
Stockholders’ Deficit:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at December 31, 2022 and December 31, 2021, respectively
Common stock, $.001 par value; 300,000,000 shares authorized; 291,433,430 and 159,140,665 shares issued and outstanding, at December 31, 2022 and December 31, 2021, respectively 291,433 159,141
Additional paid in capital 43,332,886 15,950,403
Treasury stock at cost (394,200) (394,200)
Equity consideration payable 7,114,513
Accumulated deficit (17,578,219) (18,388,186)
Total Starco Brands’ Stockholders’ Equity (Deficit) 32,766,413 (2,672,842)
Non-controlling interest 93,982 (73,909)
Total Stockholders’ Equity (Deficit) 32,860,395 (2,746,751)
Total Liabilities and Stockholders’ Equity (Deficit) $ 41,189,471 $ 1,361,582