Starco Brands' AOS acquisition target reports $3.99M net loss in 2021; auditor cites going concern doubts

Starco Brands, Inc.

AOS had net loss of $3.99M in 2021 and $2.48M in 2020; accumulated deficit $14.88M as of Dec 31, 2021.
Auditor's report includes substantial doubt about AOS's ability to continue as a going concern.
AOS revenue was $10.1M in 2021, up from $9.2M in 2020, but gross profit margin fell to 29.8% from 37.5%.
Filing provides audited FY2021/2020 and unaudited H1 2022 financials as required after the September 2022 acquisition.

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