Annual report pursuant to Section 13 and 15(d)

GOODWILL

v3.24.1
GOODWILL
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL

NOTE 14 – GOODWILL

 

The changes in the carrying amounts of goodwill during the year ended December 31, 2023 were as follows.

 

    Starco Brands     Skylar     Soylent1     Total  
Balance as of December 31, 2021   $ -     $ -     $ -     $ -  
Additions associated with acquisitions     9,898,731       20,746,692       -       30,645,423  
Purchase consideration adjustments     2,191,140               -       2,191,140  
Balance as of December 31, 2022   $ 12,089,871     $ 20,746,692     $ -     $ 32,836,563  
Additions associated with acquisitions                     32,977,908       32,977,908  
Purchase consideration adjustments             (9,512,380 )     -      

(9,512,380

)
Impairment    

(9,145,000

)     -       (20,467,700 )     (29,612,700 )
Balance as of December 31, 2023   $ 2,944,871     $ 11,234,312     $ 12,510,208     $ 26,689,391