Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,207,406 $ 1,761,225
Prepaid expenses and other assets 940,966 3,138,162
Inventory 8,249,645 10,675,540
Total Current Assets 17,818,439 25,235,590
Property and equipment, net 353,720 58,159
Operating lease right-of-use asset, related party 538,776
Intangibles, net 28,645,847 31,362,388
Goodwill 12,361,520 26,689,391
Total Assets 59,718,302 83,345,528
Current Liabilities:    
Other payables and accrued liabilities 4,326,011 2,476,186
Accrued interest, related parties 5,681
Fair value of Share Adjustment 9,299,703 36,931,330
Treasury stock payable, current 65,700
Notes payable, $2,472,500 and $4,472,500 from related parties, respectively 2,522,983 4,559,219
Line of Credit 3,835,247
Revolving loan, net of discounts 3,651,330
Lease liability, current portion – related party 67,278
Total Current Liabilities 32,011,304 57,672,403
Lease liability, net of current portion – related party 482,190
Total Liabilities 32,493,494 57,672,403
Commitments and Contingencies (Note 8)
Stockholders’ Equity:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at December 31, 2024 and 2023, respectively
Additional paid in capital 99,499,510 75,130,223
Treasury stock at cost (328,500) (394,200)
Equity consideration payable 5,707,261
Accumulated deficit (81,420,357) (63,769,469)
Total Starco Brands’ Stockholders’ Equity 18,398,085 17,162,741
Non-controlling interest 8,826,723 8,510,384
Total Stockholders’ Equity 27,224,808 25,673,125
Total Liabilities and Stockholders’ Equity 59,718,302 83,345,528
Common Class A [Member]    
Stockholders’ Equity:    
Common stock value 647,432 488,926
Common Class B [Member]    
Stockholders’ Equity:    
Common stock value
Nonrelated Party [Member]    
Current Assets:    
Accounts receivable, related party 5,170,043 7,034,950
Current Liabilities:    
Accounts payable 10,485,811 9,630,170
Related Party [Member]    
Current Assets:    
Accounts receivable, related party 2,250,379 2,625,713
Current Liabilities:    
Accounts payable $ 1,658,188 $ 168,870