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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7911,0971,480470240186
Cash and cash equivalents1,7911,0971,480470240186
Receivables7,8808,5912,5561,9691,002560
Inventory, net of allowances, customer advances and progress billings21,05818,1943,0342,559  
Inventory21,05818,1943,0342,559  
Other undisclosed current assets2,1491,241902337291603
Total current assets:32,87929,1237,9725,3361,5331,349
Noncurrent Assets
Operating lease, right-of-use asset 22426180  
Property, plant and equipment26312612  
Long-term investments and receivables  9696969696
Due from related parties96969696
Accounts and financing receivable, after allowance for credit loss  96    
Intangible assets, net (including goodwill)90,69991,45333,0359,9362020
Goodwill72,45182,45132,8379,899  
Intangible assets, net (excluding goodwill)18,2489,002198372020
Total noncurrent assets:90,74791,62133,21810,124116116
TOTAL ASSETS:123,626120,74441,18915,4591,6491,464
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,76311,6583,253495584695
Accounts payable14,75711,6253,246495584695
Accrued liabilities6327   
Debt4,8168,1453,11092 27
Due to related parties 600376376
Other liabilities  4,573    
Other undisclosed current liabilities44,83035,6621,3297145011,214
Total current liabilities:64,40960,0377,6911,9011,4622,313
Noncurrent Liabilities
Liabilities, other than long-term debt   5731,2651,5731,573
Due to related parties5731,2651,5731,573
Other undisclosed noncurrent liabilities3,9923366191131164
Total noncurrent liabilities:3,992336381,4561,7041,737
Total liabilities:68,40160,0708,3293,3573,1664,050
Equity
Equity, attributable to parent, including:55,00560,52232,76612,108(1,479)(2,523)
Common stock   291222160159
Treasury stock, value(394)(394)(394)(394)(394)(394)
Additional paid in capital70,83070,32943,33328,73916,96016,059
Accumulated deficit(25,318)(19,300)(17,578)(18,355)(18,205)(18,347)
Other undisclosed equity, attributable to parent9,8879,8877,1151,898  
Equity, attributable to noncontrolling interest22015294(6)(39)(62)
Total equity:55,22560,67532,86012,102(1,517)(2,585)
TOTAL LIABILITIES AND EQUITY:123,626120,74441,18915,4591,6491,464

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues17,50911,1444,0011,6581,230923
Revenue from related parties3,1911,4411,230923
Cost of revenue
(Cost of Goods and Services Sold)
(10,258)(5,088)(432)(344)  
Gross profit:7,2516,0563,5691,3141,230923
Operating expenses(13,203)(7,689)(2,559)(1,425)(1,047)(856)
Other undisclosed operating income     0 
Operating income (loss):(5,953)(1,633)1,010(111)18368
Nonoperating income (expense)2(30)(133)(7)(17)(15)
Other nonoperating income (expense)26667 8  
Interest and debt expense(264)(97)(22)(15)(17)(15)
Income (loss) from continuing operations before equity method investments, income taxes:(6,215)(1,760)856(133)14938
Other undisclosed income from continuing operations before income taxes2649722151715
Income (loss) from continuing operations:(5,951)(1,663)877(118)16653
Income (loss) before gain (loss) on sale of properties:(118)16653
Net income (loss):(5,951)(1,663)877(118)16653
Net loss attributable to noncontrolling interest(67)(58)(100)(33)(23)(12)
Net income (loss) available to common stockholders, diluted:(6,018)(1,722)777(151)14241

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(5,951)(1,663)877(118)16653
Comprehensive income (loss):(5,951)(1,663)877(118)16653
Comprehensive loss, net of tax, attributable to noncontrolling interest(67)(58)(100)(33)(23)(12)
Comprehensive income (loss), net of tax, attributable to parent:(6,018)(1,722)777(151)14241

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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