Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue, $2,463,542 and $8,201,377 from related parties, for the three and nine months ended September 30, 2023, respectively, $1,441,361 and $3,594,854 from related parties for the three and nine months ended September 30, 2022, net $ 17,673,046 $ 1,658,253 $ 46,326,117 $ 3,811,746
Cost of goods sold 9,364,322 343,994 24,710,535 343,994
Gross profit 8,308,724 1,314,259 21,615,582 3,467,752
Operating Expenses:        
Compensation expense 1,811,832 176,148 5,285,421 395,974
Professional fees 1,380,680 884,558 4,177,424 1,122,532
Marketing, general and administrative 5,522,525 364,331 14,248,632 1,677,991
Marketing, related party 131,614
Fair value share adjustment loss (gain) (3,144,411) 2,751,360
Total operating expenses 5,570,626 1,425,037 26,462,837 3,328,111
Income (loss) from operations 2,738,098 (110,778) (4,847,255) 139,641
Other Expense (Income):        
Interest expense 255,775 15,232 617,289 47,127
Other expense (income) 121,072 (8,161) (211,802) (8,161)
Total other expense (income) 376,847 7,071 405,487 38,966
Income (loss) before provision for income taxes 2,361,251 (117,849) (5,252,742) 100,675
Provision for income taxes
Net income (loss) 2,361,251 (117,849) (5,252,742) 100,675
Net income (loss) attributable to non-controlling interest 34,221 32,693 160,014 67,856
Net income (loss) attributable to Starco Brands $ 2,327,030 $ (150,542) $ (5,412,756) $ 32,819
Income (loss) per share, basic $ 0.00 $ (0.00) $ (0.01) $ 0.00
Income (loss) per share, diluted $ 0.00 $ (0.00) $ (0.01) $ 0.00
Weighted Average Shares Outstanding – Basic 469,550,215 172,236,263 439,484,590 163,557,744
Weighted Average Shares Outstanding – Diluted 873,264,758 172,236,263 439,484,590 163,885,661