Starco Brands, Inc. (STCB) Financial Statements (2023 and earlier)

Company Profile

Business Address 250 26TH STREET
SANTA MONICA, CA 90402
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7311 - Advertising Agencies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,48033977351314 
Cash and cash equivalents1,48033977351314 
Receivables2,5561744614185 
Inventory, net of allowances, customer advances and progress billings3,034     (1,053)
Inventory3,034     (1,053)
Prepaid expense  203926437
Other undisclosed current assets902733    1,053
Total current assets:7,9721,24683958443627
Noncurrent Assets
Operating lease, right-of-use asset61  85
Property, plant and equipment26  (38) (38)(59)
Long-term investments and receivables9696     
Due from related parties9696     
Intangible assets, net (including goodwill)33,03520     
Goodwill32,837      
Intangible assets, net (excluding goodwill)19820     
Other undisclosed noncurrent assets  44244263
Total noncurrent assets:33,218116489444
TOTAL ASSETS:41,1891,3628421464836610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,253593208188172194417
Accounts payable3,246593208188172194417
Accrued liabilities7      
Debt3,11054 76273321
Due to related parties 376547412373363 
Other undisclosed current liabilities1,3291,788342369327306360
Total current liabilities:7,6912,8111,0961,045899896799
Noncurrent Liabilities
Long-term debt and lease obligation:   46   
Liabilities, other than long-term debt5731,100     
Due to related parties5731,100     
Operating lease, liability   46
Other undisclosed noncurrent liabilities66197     
Total noncurrent liabilities:6381,297 46   
Total liabilities:8,3294,1081,0961,091899896799
Equity
Equity, attributable to parent, including:32,766(2,673)(254)(944)(851)(531)(789)
Common stock291159159159159228
Treasury stock, value(394)(394)     
Common stock, value, subscriptions     600 
Additional paid in capital43,33315,95015,72415,57715,53014,96514,553
Accumulated deficit(17,578)(18,388)(16,137)(16,680)(16,540)(16,098)(15,370)
Other undisclosed equity, attributable to parent7,115      
Equity, attributable to noncontrolling interest94(74)     
Total equity:32,860(2,747)(254)(944)(851)(531)(789)
TOTAL LIABILITIES AND EQUITY:41,1891,3628421464836610

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,8136731,3652401268426
Revenue, net8426
Revenue from related parties6,786673   
Cost of revenue
(Cost of Goods and Services Sold)
(776)     (504)
Gross profit:7,0376731,3652401268(78)
Operating expenses(5,887)(2,964)(838)(388)(607)(691)(629)
Operating income (loss):1,150(2,291)527(148)(481)(682)(707)
Nonoperating expense(172)(34)     
Other nonoperating expense(172)(4)     
Interest and debt expense(69)(31)0(33)2220513
Income (loss) from continuing operations before equity method investments, income taxes:909(2,356)528(180)(458)(478)(694)
Other undisclosed income from continuing operations before income taxes6931     
Income (loss) from continuing operations:978(2,325)528(180)(458)(478)(694)
Income (loss) before gain (loss) on sale of properties:(2,325)528(180)(458)(478)(694)
Net income (loss):978(2,325)528(180)(458)(478)(694)
Net income (loss) attributable to noncontrolling interest(168)74     
Other undisclosed net income (loss) attributable to parent  164017(251)(20)
Net income (loss) available to common stockholders, diluted:810(2,251)543(140)(442)(728)(714)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):978(2,325)528(180)(458)(478)(694)
Comprehensive income (loss):978(2,325)528(180)(458)(478)(694)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(168)74     
Comprehensive income (loss), net of tax, attributable to parent:810(2,251)528(180)(458)(478)(694)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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