Annual report pursuant to Section 13 and 15(d)

SEGMENTS (Tables)

v3.24.1
SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SCHEDULE OF GROSS PROFIT REPORTING SEGMENT

The following tables present gross profit by reporting segment:

  

    Starco Brands     Skylar     Soylent1     Total  
    Year Ended December 31, 2023  
    Starco Brands     Skylar     Soylent1     Total  
Gross revenues   $ 16,322,174     $ 10,670,620     $ 38,218,444     $ 65,211,238  
Cost of revenues     3,929,133       2,756,304       30,745,840       37,431,277  
Gross profit   $ 12,393,041     $ 7,914,316     $ 7,472,604     $ 27,779,961  

 

    Starco Brands2     Skylar3     Soylent1     Total  
    Year Ended December 31, 2022  
    Starco Brands2     Skylar3     Soylent1     Total  
Gross revenues   $ 7,789,716     $ 23,012     $         -     $ 7,812,728  
Cost of revenues     770,123       6,004       -       776,127  
Gross profit   $ 7,019,593     $ 17,008     $ -     $ 7,036,601  

 

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 prior to the date of acquisition, September 12, 2022, as AOS was not yet a subsidiary of the Company.
     
3   The Company does not report results for Skylar prior to the date of acquisition, December 29, 2022, as Skylar was not yet a subsidiary of the Company.