Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,624,892 $ 1,207,406
Prepaid expenses and other assets 2,877,487 940,966
Inventory 8,159,148 8,249,645
Total Current Assets 16,982,263 17,818,439
Property and equipment, net 463,057 353,720
Operating lease right-of-use asset 519,616 538,776
Intangibles, net 27,958,339 28,645,847
Goodwill 12,361,520 12,361,520
Total Assets 58,284,795 59,718,302
Current Liabilities:    
Other payables and accrued liabilities 4,718,214 4,326,011
Fair value of share adjustment 5,607,174 9,299,703
Notes payable, $2,472,500 and $2,472,500 from related parties, respectively 2,498,073 2,522,983
Revolving loan, net of discounts 3,429,984 3,651,330
Lease liability, current portion 70,644 67,278
Total Current Liabilities 28,148,972 32,011,304
Lease liability, net of current portion 463,674 482,190
Total Liabilities 28,612,646 32,493,494
Commitments and Contingencies (Note 8)
Stockholders’ Equity:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at March 31, 2025 and December 31, 2024, respectively
Additional paid in capital 99,970,746 99,499,510
Treasury stock at cost (328,500) (328,500)
Accumulated deficit (79,541,501) (81,420,357)
Total Starco Brands’ Stockholders’ Equity 20,748,177 18,398,085
Non-controlling interest 8,923,972 8,826,723
Total Stockholders’ Equity 29,672,149 27,224,808
Total Liabilities and Stockholders’ Equity 58,284,795 59,718,302
Common Class A [Member]    
Stockholders’ Equity:    
Common stock value 647,432 647,432
Common Class B [Member]    
Stockholders’ Equity:    
Common stock value
Nonrelated Party [Member]    
Current Assets:    
Accounts receivable, related party 4,320,736 5,170,043
Current Liabilities:    
Accounts payable 11,414,068 10,485,811
Related Party [Member]    
Current Assets:    
Accounts receivable, related party 2,250,379
Current Liabilities:    
Accounts payable $ 410,815 $ 1,658,188