secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K/A
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001493152-23-002382
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223002382/0001493152-23-002382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223002382/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002382

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer