Annual report pursuant to Section 13 and 15(d)

GOODWILL (Tables)

v3.24.1
GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF 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