secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K/A
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001493152-23-025276
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands files Skylar Body financials; acquired entity had $5.3M net loss, going concern doubt
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- Skylar Body's audited 2021 net loss $5.3M vs $4.2M in 2020; revenue grew to $8.8M from $6.6M.
- Stockholders' deficit of $4.9M as of Dec 2021, with $5.865M in notes payable.
- Auditor's report includes a going concern paragraph citing recurring losses and capital deficiency.
- Pro forma financial statements give effect to the acquisition by Starco Brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223025276/0001493152-23-025276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223025276/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025276

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