Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]        
Gross profit $ 6,386,407 $ 7,741,777 $ 19,104,536 $ 20,314,300
Operating Expenses:        
Compensation expense 2,185,256 1,811,832 7,195,932 5,285,421
Professional fees 434,698 1,380,680 2,771,608 4,177,424
Marketing, general and administrative 4,236,433 4,955,578 14,073,064 12,947,350
Fair value share adjustment loss (income) 5,105,535 (3,144,411) 15,703,049 2,751,360
Total operating expenses, net 11,961,922 5,003,679 39,743,653 25,161,555
(Loss) income from operations (5,575,515) 2,738,098 (20,639,117) (4,847,255)
Other Expense (Income):        
Interest expense 303,155 255,775 711,304 617,289
Other expense (income) 378,418 121,072 739,756 (211,802)
Total other expense, net 681,573 376,847 1,451,060 405,487
(Loss) income before provision for income taxes (6,257,088) 2,361,251 (22,090,177) (5,252,742)
Provision for income taxes
Net (loss) income (6,257,088) 2,361,251 (22,090,177) (5,252,742)
Net income attributable to non-controlling interest 87,838 34,221 276,909 160,014
Net (loss) income attributable to Starco Brands $ (6,344,926) $ 2,327,030 $ (22,367,086) $ (5,412,756)
(Loss) income per share, basic $ (0.01) $ 0.00 $ (0.04) $ (0.01)
(Loss) income per share, diluted $ (0.01) $ 0.00 $ (0.04) $ (0.01)
Weighted Average Shares Outstanding - Basic 647,431,696 469,550,215 617,637,335 439,484,590
Weighted Average Shares Outstanding - Diluted 647,431,696 873,264,758 617,637,335 439,484,590
Nonrelated Party [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Revenue, related parties $ 14,006,349 $ 15,209,504 $ 41,816,348 $ 38,124,740
Cost of goods sold, related parties 8,131,015 9,178,845 24,563,628 24,348,693
Related Party [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Revenue, related parties 1,480,007 2,463,542 4,731,430 8,201,377
Cost of goods sold, related parties $ 968,934 $ 752,424 $ 2,879,614 $ 1,663,124