Starco Brands, Inc. (STCB) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
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     
Inventory3,034     
Prepaid expense   20392643
Other undisclosed current assets902733    
Total current assets:7,9721,2468395844362
Noncurrent Assets
Operating lease, right-of-use asset 61  85
Property, plant and equipment26  (38) (38)
Long-term investments and receivables 9696    
Due from related parties9696    
Intangible assets, net (including goodwill)33,03520    
Goodwill32,837     
Intangible assets, net (excluding goodwill)19820    
Other undisclosed noncurrent assets   442442
Total noncurrent assets:33,21811648944
TOTAL ASSETS:41,1891,36284214648366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,253593208188172194
Accounts payable3,246593208188172194
Accrued liabilities7     
Debt3,11054 762733
Due to related parties 376547412373363
Other undisclosed current liabilities1,3291,788342369327306
Total current liabilities:7,6912,8111,0961,045899896
Noncurrent Liabilities
Long-term debt and lease obligation:    46  
Liabilities, other than long-term debt 5731,100    
Due to related parties5731,100    
Operating lease, liability    46
Other undisclosed noncurrent liabilities 66197    
Total noncurrent liabilities: 6381,297 46  
Total liabilities:8,3294,1081,0961,091899896
Equity
Equity, attributable to parent, including:32,766(2,673)(254)(944)(851)(531)
Common stock 2911591591591592
Treasury stock, value(394)(394)    
Common stock, value, subscriptions      600
Additional paid in capital43,33315,95015,72415,57715,53014,965
Accumulated deficit(17,578)(18,388)(16,137)(16,680)(16,540)(16,098)
Other undisclosed equity, attributable to parent7,115     
Equity, attributable to noncontrolling interest94(74)    
Total equity:32,860(2,747)(254)(944)(851)(531)
TOTAL LIABILITIES AND EQUITY:41,1891,36284214648366

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,8136731,3652401268
Revenue, net8
Revenue from related parties6,786673   
Cost of revenue
(Cost of Goods and Services Sold)
(776)     
Gross profit:7,0376731,3652401268
Operating expenses(5,887)(2,964)(838)(388)(607)(691)
Operating income (loss):1,150(2,291)527(148)(481)(682)
Nonoperating expense(172)(34)    
Other nonoperating expense(172)(4)    
Interest and debt expense (69)(31)0(33)22205
Income (loss) from continuing operations before equity method investments, income taxes:909(2,356)528(180)(458)(478)
Other undisclosed income from continuing operations before income taxes 6931    
Income (loss) from continuing operations:978(2,325)528(180)(458)(478)
Income (loss) before gain (loss) on sale of properties:(2,325)528(180)(458)(478)
Net income (loss):978(2,325)528(180)(458)(478)
Net income (loss) attributable to noncontrolling interest(168)74    
Other undisclosed net income (loss) attributable to parent   164017(251)
Net income (loss) available to common stockholders, diluted:810(2,251)543(140)(442)(728)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):978(2,325)528(180)(458)(478)
Comprehensive income (loss):978(2,325)528(180)(458)(478)
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)

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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