v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,761,225 $ 1,480,371
Accounts receivable, net, $2,625,713 and $2,107,015 from related party, respectively 9,660,663 2,555,525
Prepaid expenses and other assets 3,138,162 902,090
Inventory 10,675,540 3,033,653
Total Current Assets 25,235,590 7,971,639
Property and equipment, net 58,159 25,873
Operating lease right-of-use assets 61,353
Intangibles, net 31,362,388 198,403
Goodwill 26,689,391 32,836,563
Note receivable, related party 95,640
Total Assets 83,345,528 41,189,471
Current Liabilities:    
Accounts payable 9,799,040 3,245,573
Other payables and accrued liabilities 2,447,826 1,135,803
Accrued interest, $5,681 and $6,960 from related party, respectively 34,041 6,960
Fair value of Share Adjustment 36,931,330
Treasury stock payable, current 65,700 131,400
Notes payable, $4,472,500 and $3,100,000 from related party, respectively 4,559,219 3,109,535
Line of Credit 3,835,247
Lease liability 61,605
Total Current Liabilities 57,672,403 7,690,876
Treasury stock payable, net of current portion 65,700
Loans payable, net of current portion, zero and $572,500 from related party, respectively 572,500
Total Liabilities 57,672,403 8,329,076
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at December 31, 2023 and December 31, 2022, respectively
Additional paid in capital 75,130,223 43,332,886
Treasury stock at cost (394,200) (394,200)
Equity consideration payable 5,707,261 7,114,513
Accumulated deficit (63,769,469) (17,578,219)
Total Starco Brands’ Stockholders’ Equity 17,162,741 32,766,413
Non-controlling interest 8,510,384 93,982
Total Stockholders’ Equity 25,673,125 32,860,395
Total Liabilities and Stockholders’ Equity 83,345,528 41,189,471
Common Class A [Member]    
Stockholders’ Equity:    
Common stock 488,926 291,433
Common Class B [Member]    
Stockholders’ Equity:    
Common stock

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