debt
confidence high
sentiment neutral
materiality 0.40
Starco Brands issues $500,000 promissory note to CEO Ross Sklar at 4% interest
Starco Brands, Inc.
- Principal $500,000 advanced by CEO Ross Sklar; note matures Sept 17, 2023.
- Interest at 4% per annum, compounded monthly; default rate 10% simple.
- Related-party transaction; Ross Sklar is CEO and director of the company.