v3.22.2.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 470,362 $ 338,863
Accounts receivable, net, $1,360,457 and $174,059 from related party, respectively 1,968,619 174,059
Prepaid expenses and other assets 337,394 733,020
Inventory 2,559,234 0
Total Current Assets 5,335,609 1,245,942
Property and equipment, net 12,420 0
Current leases – right of use assets 79,632 0
Intangible Assets 37,166 20,000
Goodwill 9,898,731 0
Note receivable, related party 95,640 95,640
Total Assets 15,459,198 1,361,582
Current Liabilities:    
Accounts payable 495,017 592,665
Other payables and accrued liabilities, $179,477 and $202,023 from related party, respectively 501,001 1,002,798
Stock payable 0 654,166
Treasury stock payable, current 131,400 131,400
Loans and advances payable, related party 600,000 376,382
Notes payable 92,334 53,822
Current liabilities – operating lease liabilities 81,223 0
Total Current Liabilities 1,900,975 2,811,233
Treasury stock payable, net of current portion 98,550 197,100
Loans payable, net of current portion, $1,264,954 and $1,100,000 from related party, respectively 1,357,288 1,100,000
Total Liabilities 3,356,813 4,108,333
Commitments and Contingencies
Stockholders' Deficit:    
Preferred stock, $.001 par value; 40,000,000 shares authorized; no shares issued and outstanding, at September 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $.001 par value; 300,000,000 shares authorized; 221,647,203 and 159,140,665 shares issued and outstanding, at September 30, 2022 and December 31, 2021, respectively 221,647 159,141
Additional paid in capital 28,738,630 15,950,403
Treasury stock at cost (394,200) (394,200)
Equity consideration payable 1,897,727 0
Accumulated deficit (18,355,366) (18,388,186)
Total Starco Brands' Stockholders' Equity (Deficit) 12,108,438 (2,672,842)
Non-controlling interest (6,053) (73,909)
Total Stockholders' Equity (Deficit) 12,102,385 (2,746,751)
Total Liabilities and Stockholders' Equity (Deficit) $ 15,459,198 $ 1,361,582

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