Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,766,960 $ 1,761,225
Prepaid expenses and other assets 2,547,286 3,138,162
Inventory 11,260,668 10,675,540
Total Current Assets 23,257,073 25,235,590
Property and equipment, net 80,343 58,159
Intangibles, net 30,687,433 31,362,388
Goodwill 26,689,391 26,689,391
Total Assets 80,714,240 83,345,528
Current Liabilities:    
Accounts payable 10,626,732 9,799,040
Other payables and accrued liabilities 1,651,247 2,476,186
Accrued interest, related party 5,681
Fair value of Share Adjustment 20,753,328 36,931,330
Treasury stock payable, current 65,700
Notes payable, $4,472,500 and $4,472,500 from related party, respectively 4,567,252 4,559,219
Line of Credit 3,063,995 3,835,247
Total Current Liabilities 40,662,554 57,672,403
Total Liabilities 40,662,554 57,672,403
Commitments and Contingencies (Note 7)
Stockholders’ Equity:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at March 31, 2024 and December 31, 2023, respectively
Additional paid in capital 96,951,792 75,130,223
Treasury stock at cost (328,500) (394,200)
Equity consideration payable 2,314,732 5,707,261
Accumulated deficit (68,232,147) (63,769,469)
Total Starco Brands’ Stockholders’ Equity 31,349,180 17,162,741
Non-controlling interest 8,702,506 8,510,384
Total Stockholders’ Equity 40,051,686 25,673,125
Total Liabilities and Stockholders’ Equity 80,714,240 83,345,528
Common Class A [Member]    
Stockholders’ Equity:    
Common stock 643,303 488,926
Common Class B [Member]    
Stockholders’ Equity:    
Common stock
Nonrelated Party [Member]    
Current Assets:    
Accounts receivable, related party 5,265,063 7,034,950
Related Party [Member]    
Current Assets:    
Accounts receivable, related party $ 2,417,096 $ 2,625,713