v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,545,879 $ 1,480,371
Accounts receivable, net, $2,625,713 and $2,107,015 from related party, respectively 10,570,541 2,555,525
Prepaid expenses and other assets 1,848,888 902,090
Inventory 19,228,288 3,033,653
Total Current Assets 33,193,596 7,971,639
Property and equipment, net 40,323 25,873
Operating lease right-of-use assets 61,353
Intangibles, net 31,950,516 198,403
Goodwill 58,081,660 32,836,563
Note receivable, related party 95,640
Total Assets 123,266,095 41,189,471
Current Liabilities:    
Accounts payable 12,318,815 3,245,573
Other payables and accrued liabilities 2,133,861 1,135,803
Accrued interest, $5,681 and $6,960 from related party, respectively 42,134 6,960
Fair value of potential Share Adjustment 39,894,720
Treasury stock payable, current 98,550 131,400
Notes payable, $472,500 and $2,475,033 from related party, respectively 587,840 3,109,535
Line of Credit 4,663,500
Lease liability 61,605
Total Current Liabilities 59,739,420 7,690,876
Treasury stock payable, net of current portion 65,700
Loans payable, net of current portion, $4,000,000 and $572,500 from related party, respectively 4,000,000 572,500
Total Liabilities 63,739,420 8,329,076
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at September 30, 2023 and December 31, 2022, respectively
Additional paid in capital 72,770,376 43,332,886
Treasury stock at cost (394,200) (394,200)
Equity consideration payable 9,417,847 7,114,513
Accumulated deficit (22,990,975) (17,578,219)
Total Starco Brands’ Stockholders’ Equity 59,272,679 32,766,413
Non-controlling interest 253,996 93,982
Total Stockholders’ Equity 59,526,675 32,860,395
Total Liabilities and Stockholders’ Equity 123,266,095 41,189,471
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 469,631 291,433
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value

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