Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,097,237 $ 1,480,371
Accounts receivable, net, $2,106,906 and $2,107,015 from related party, respectively 8,590,862 2,555,525
Prepaid expenses and other assets 1,240,634 902,090
Inventory 18,194,262 3,033,653
Total Current Assets 29,122,995 7,971,639
Property and equipment, net 30,722 25,873
Operating lease right-of-use assets 42,026 61,353
Intangibles, net 9,001,542 198,403
Goodwill 82,451,496 32,836,563
Note receivable, related party 95,640 95,640
Total Assets 120,744,421 41,189,471
Current Liabilities:    
Accounts payable 11,625,064 3,245,573
Other payables and accrued liabilities 1,739,181 1,135,803
Accrued interest, related party 32,439 6,960
Stock payable 38,322,515
Treasury stock payable, current 131,400 131,400
Notes payable, $4,572,500 and $3,047,533 from related party, respectively 4,476,992 3,109,535
Line of Credit 3,668,500
Lease liability 40,938 61,605
Total Current Liabilities 60,037,029 7,690,876
Treasury stock payable, net of current portion 32,850 65,700
Loans payable, net of current portion, related party 572,500
Total Liabilities 60,069,879 8,329,076
Commitments and Contingencies
Stockholders’ Deficit:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at March 31, 2023 and December 31, 2022, respectively
Common stock
Additional paid in capital 70,328,793 43,332,886
Treasury stock at cost (394,200) (394,200)
Equity consideration payable 9,417,847 7,114,513
Accumulated deficit (19,299,765) (17,578,219)
Total Starco Brands’ Stockholders’ Equity (Deficit) 60,522,144 32,766,413
Non-controlling interest 152,398 93,982
Total Stockholders’ Equity (Deficit) 60,674,542 32,860,395
Total Liabilities and Stockholders’ Equity (Deficit) 120,744,421 41,189,471
Common Class A [Member]    
Stockholders’ Deficit:    
Common stock 469,469 291,433
Common Class B [Member]    
Stockholders’ Deficit:    
Common stock