| SCHEDULE OF FAIR VALUE MEASUREMENTS |
The
following table summarized the financial instruments of the Company at fair value based on the valuation approach applied to each class
of security as of June 30, 2023:
SCHEDULE
OF FAIR VALUE MEASUREMENTS
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Fair Value Measurement at Reporting Date Using |
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Carrying Value at June 30, 2023
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Quoted Prices in Active Markets for Identical Assets (Level 1)
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Significant Other Observable Inputs (Level 2)
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Significant Unobservable Inputs (Level 3)
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| Liabilities: |
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| Fair Value of potential Share Adjustment |
|
$ |
43,039,132 |
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|
$ |
-
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|
$ |
-
|
|
|
$ |
43,039,132 |
|
| Total Liabilities |
|
$ |
43,039,132 |
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|
$ |
- |
|
|
$ |
- |
|
|
$ |
43,039,132 |
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| SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF NET LOSS PER SHARE |
The
following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these
potential shares was antidilutive due to the Company’s net loss position even though the exercise price could be less than the
average market price of the common stock:
SCHEDULE
OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF NET LOSS PER SHARE
| |
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2023 |
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2022 |
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Six Months Ended June 30, |
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2023 |
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2022 |
|
| Warrants |
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39,350,000 |
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|
- |
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| Potential shares issuable under acquisition Share Adjustments |
|
|
430,885,271 |
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|
- |
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| Total |
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470,435,271 |
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|
- |
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| SCHEDULE OF GROSS PROFIT REPORTING SEGMENT |
The
following tables present gross profit by reporting segment:
SCHEDULE
OF GROSS PROFIT REPORTING SEGMENT
| |
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Starco Brands |
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Skylar |
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Soylent1
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Total |
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Six Months Ended June 30, 2023 |
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| |
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Starco Brands |
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Skylar |
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Soylent1
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Total |
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| Gross revenues |
|
$ |
7,728,941 |
|
|
$ |
4,029,944 |
|
|
$ |
16,894,186 |
|
|
$ |
28,653,071 |
|
| Cost of revenues |
|
|
1,513,317 |
|
|
|
1,087,536 |
|
|
|
12,745,360 |
|
|
|
15,346,213 |
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| Gross profit |
|
$ |
6,215,624 |
|
|
$ |
2,942,408 |
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|
$ |
4,148,826 |
|
|
$ |
13,306,858 |
|
| |
|
Starco Brands2
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Skylar3 |
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Soylent4 |
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Total |
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Six Months Ended June 30, 2022 |
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Starco Brands2
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Skylar3 |
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Soylent4 |
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Total |
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| Gross revenues |
|
$ |
2,153,493 |
|
|
$ |
-
|
|
|
$ |
-
|
|
|
$ |
2,153,493 |
|
| Cost of revenues |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Gross profit |
|
$ |
2,153,493 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,153,493 |
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| 1 |
|
The Company does not include results for Soylent prior to the date of acquisition, February 15, 2023, as Soylent was not yet a subsidiary
of the Company. |
| 2 |
|
The
Company does not include results for AOS within the Starco Brands segment for the six months ended June 30, 2022, as AOS was not yet
a subsidiary of the Company.
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| |
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3
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The
Company does not report results for Skylar for the six months ended June 30, 2022 as Skylar
was not yet a subsidiary of the Company. |
| |
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4
|
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The
Company does not report results for Soylent for the six months ended June 30, 2022 as Soylent
was not yet a subsidiary of the Company. |
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