Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue, $2,950,350 and $5,737,835 from related parties, for the three and six months ended June 30, 2023, respectively, $1,230,219 and $2,153,493 from related parties, for the three and six months ended June 30, 2022, net $ 17,509,270 $ 1,230,219 $ 28,653,071 $ 2,153,493
Cost of goods sold 10,258,463 15,346,213
Gross profit 7,250,807 1,230,219 13,306,858 2,153,493
Operating Expenses:        
Compensation expense 2,047,972 92,949 3,473,589 219,826
Professional fees 1,397,442 179,468 2,796,744 237,974
Marketing, general and administrative 5,041,441 730,479 8,726,107 1,313,660
Marketing, related party 44,570 131,614
Fair value share adjustment loss 4,716,617 5,895,771
Total operating expenses 13,203,472 1,047,466 20,892,211 1,903,074
(Loss) income from operations (5,952,665) 182,754 (7,585,353) 250,420
Other Expense (Income):        
Interest expense 264,201 17,040 361,514 31,895
Other (income) (266,003) (332,874)
Total other (income) expense (1,802) 17,040 28,640 31,895
(Loss) income before provision for income taxes (5,950,863) 165,714 (7,613,993) 218,525
Provision for income taxes
Net (loss) income (5,950,863) 165,714 (7,613,993) 218,525
Net income attributable to non-controlling interest 67,377 23,301 125,793 35,163
Net (loss) income attributable to Starco Brands $ (6,018,240) $ 142,413 $ (7,739,786) $ 183,362
Income (loss) per share, basic $ (0.01) $ 0.00 $ (0.02) $ 0.00
Income (loss) per share, diluted $ (0.01) $ 0.00 $ (0.02) $ 0.00
Weighted Average Shares Outstanding - Basic 469,550,215 160,558,592 469,550,215 159,849,628
Weighted Average Shares Outstanding - Diluted 469,550,215 163,220,485 469,550,215 162,832,964