Starco Brands, Inc. (STCB) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7611,48033977351
Cash and cash equivalent1,7611,48033977351
Receivables12,2862,556174461418
Inventory, net of allowances, customer advances and progress billings10,6763,034    
Inventory10,6763,034    
Prepaid expense    203926
Other undisclosed current assets512902733   
Total current assets:25,2367,9721,2468395844
Noncurrent Assets
Operating lease, right-of-use asset 61  85
Property, plant and equipment5826  (38) 
Long-term investments and receivables  9696   
Due from related parties9696   
Intangible assets, net (including goodwill)58,05233,03520   
Goodwill26,68932,837    
Intangible assets, net (excluding goodwill)31,36219820   
Other undisclosed noncurrent assets    4424
Total noncurrent assets:58,11033,2181164894
TOTAL ASSETS:83,34641,1891,36284214648
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9,8333,253593208188172
Accounts payable 9,7993,246593208188172
Accrued liabilities 347    
Debt8,3943,11054 7627
Other liabilities      
Due to related parties 376547412373
Other undisclosed current liabilities39,4451,3291,788342369327
Total current liabilities:57,6727,6912,8111,0961,045899
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:57,6728,3294,1081,0961,091899
Equity
Equity, attributable to parent, including:17,16332,766(2,673)(254)(944)(851)
Common stock  291159159159159
Treasury stock, value(394)(394)(394)   
Additional paid in capital75,13043,33315,95015,72415,57715,530
Accumulated deficit(63,769)(17,578)(18,388)(16,137)(16,680)(16,540)
Other undisclosed equity, attributable to parent6,1967,115    
Equity, attributable to noncontrolling interest8,51094(74)   
Total equity:25,67332,860(2,747)(254)(944)(851)
TOTAL LIABILITIES AND EQUITY:83,34641,1891,36284214648

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues65,2117,8136731,365240126
Revenue from related parties6,786673   
Cost of revenue
(Cost of Product and Service Sold)
(37,431)(776)    
Other undisclosed gross profit      
Gross profit:27,7807,0376731,365240126
Operating expenses(73,233)(5,887)(2,964)(838)(388)(607)
Operating income (loss):(45,453)1,150(2,291)527(148)(481)
Nonoperating expense(949)(172)(34)   
Other nonoperating expense(99)(172)(4)   
Interest and debt expense  (69)(31)0(33)22
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(46,402)909(2,356)528(180)(458)
Other undisclosed income (loss) from continuing operations before income taxes 6931   
Income (loss) from continuing operations:(46,402)978(2,325)528(180)(458)
Income (loss) before gain (loss) on sale of properties:(2,325)528(180)(458)
Net income (loss):(46,402)978(2,325)528(180)(458)
Net income (loss) attributable to noncontrolling interest211(168)74   
Other undisclosed net income attributable to parent    164017
Net income (loss) available to common stockholders, diluted:(46,191)810(2,251)543(140)(442)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(46,402)978(2,325)528(180)(458)
Comprehensive income (loss):(46,402)978(2,325)528(180)(458)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest211(168)74   
Comprehensive income (loss), net of tax, attributable to parent:(46,191)810(2,251)528(180)(458)

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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