Starco Brands (STCB) 10-K 20 May 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	May 16, 2022	Jun. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0001539850
Entity Registrant Name	Starco Brands, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	0-54892
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	27-1781753
Entity Address, Address Line One	250 26th Street, Suite 200
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90402
City Area Code	888
Local Phone Number	484-1908
Title of 12(b) Security	Common stock
Trading Symbol	STCB
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 29,152,853
Entity Common Stock, Shares Outstanding		159,140,665
Auditor Name	Macias Gini & O’Connell LLP
Auditor Location	Irvine, CA
Auditor Firm ID	324

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current Assets:
Cash	$ 338,863	$ 773,322
Accounts receivable, related party	174,059	45,517
Prepaid and other assets	733,020	19,917
Total Current Assets	1,245,942	838,756
Intangibles, net	20,000	0
Note receivable, related party	95,640	0
Deposit	0	3,500
Total Assets	1,361,582	842,256
Current Liabilities:
Accounts payable	592,665	207,665
Other payable and accruals	800,775	263,230
Accrued interest, related party	202,023	6,346
Accrued compensation	0	72,200
Stock payable	654,166	0
Treasury stock payable, current	131,400	0
Loans and advances payable, related party	376,382	546,989
Notes payable	53,822	0
Total Current Liabilities	2,811,233	1,096,430
Treasury stock payable, net of current portion	197,100	0
Loans payable, net of current portion, related party	1,100,000	0
Total Liabilities	4,108,333	1,096,430
Stockholders' Deficit:
Preferred Stock, par value $0.001 40,000,000 shares authorized, no shares issued and outstanding	0	0
Common Stock, par value $0.001 300,000,000 shares authorized, 159,140,665 and 159,140,665 shares issued and outstanding, respectively	159,141	159,141
Additional paid in capital	15,950,403	15,723,705
Treasury Stock at cost	(394,200)	0
Accumulated deficit	(18,388,186)	(16,137,020)
Total Starco Brands' Deficit	(2,672,842)	(254,174)
Non-controlling Interest	(73,909)	0
Total Stockholders' Deficit	(2,746,751)	(254,174)
Total Liabilities and Stockholders' Deficit	$ 1,361,582	$ 842,256

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	159,140,665	159,140,665
Common stock, shares outstanding (in shares)	159,140,665	159,140,665

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues, net, related party	$ 673,329	$ 1,365,360
Operating Expenses:
Compensation expense	285,837	185,537
Professional fees	460,363	145,416
Marketing, General and administrative	1,159,520	307,278
Marketing, related party	1,058,210	200,000
Total operating expenses	2,963,930	838,231
Income (loss) from operations	(2,290,601)	527,129
Other Income (Expense):
Interest expense	(30,973)	(37,173)
Gain on forgiveness of debt	0	37,580
Other income (expense)	(3,500)	15,750
Total other income (expense)	(34,473)	16,157
Income (loss) before provision for income taxes	(2,325,074)	543,286
Provision for income taxes	0	0
Net Income (Loss)	(2,325,074)	543,286
Net income attributable to non-controlling interest	73,909	0
Net Income (Loss) attributable to Starco Brands	$ (2,251,165)	$ 543,286
Income (loss) per share, basic & diluted (in dollars per share)	$ (0.01)	$ 0
Weighted Average Shares Outstanding, basic and diluted (in shares)	159,140,665	159,112,859

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity (Deficit) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2019	159,090,914
Balance at Dec. 31, 2019	$ 159,091	$ 15,576,955	$ 0	$ (16,680,306)	$ 0	$ (944,260)
Common stock issued for services (in shares)	49,751
Common stock issued for services	$ 50	99,950				100,000
Estimated fair value of contributed services		46,800				46,800
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total				543,286		543,286
Balance (in shares) at Dec. 31, 2020	159,140,665
Balance at Dec. 31, 2020	$ 159,141	15,723,705	0	(16,137,020)	0	(254,174)
Estimated fair value of contributed services		214,243				214,243
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total				(2,251,165)	(73,909)	(2,325,074)
Treasury stock			(394,200)			(394,200)
Estimated fair value of warrants issued		12,455				12,455
Balance (in shares) at Dec. 31, 2021	159,140,665
Balance at Dec. 31, 2021	$ 159,141	$ 15,950,403	$ (394,200)	$ (18,388,186)	$ (73,909)	$ (2,746,751)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOW FROM OPERATING ACTIVITES:
Net Income (loss)	$ (2,325,074)	$ 543,286
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Common stock payable for services	54,166	100,000
Warrants for services	12,455
Contributed services	214,243	46,800
Gain on forgiveness of debt	0	(37,580)
Non-cash lease expense		(1,361)
Non-cash asset writeoff	3,500
Changes in Operating Assets and Liabilities:
Accounts receivable, related party	(128,543)	(31,021)
Prepaids & other assets	(713,103)	18,744
Accounts payable	385,000	19,629
Accrued expenses, related party	122,571	6,346
Accrued liabilities	537,545	927
Net Cash Provided by (Used in) Operating Activities	(1,837,240)	665,770
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of intangibles	(20,000)
Notes receivable, related party	(95,640)	0
Net Cash Used in Investing Activities	(115,640)	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances / loans from related parties	1,447,272	320,568
Repayment of advances from related parties	(516,973)	(185,441)
Borrowings on notes payable	80,291	0
Payments on notes payable	(26,469)	(32,329)
Proceeds from common stock to be issued	600,000	0
Repurchases of common stock	(65,700)	0
Net Cash Provided by Financing Activities	1,518,421	102,798
Net Increase (Decrease) in Cash	(434,459)	768,568
Cash at Beginning of Period	773,322	4,754
Cash at End of Period	338,863	773,322
Cash paid during the year for:
Interest	33,380	33,027
Income taxes	0	0
Supplemental non-cash disclosure:
Treasury stock payable	328,500	0
Lease termination	$ 0	$ 54,777

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	NOTE 1 ORGANIZATION AND DESCRIPTION OF BUSINESS Starco Brands, Inc. (STCB) was incorporated in the State of Nevada on January 26, 2010 September 7, 2017, July 2017, During the third 2021 , two not

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 Basis of Consolidation The consolidated financial statements of Starco Brands, Inc. include the accounts of STCB and our 96% owned subsidiary and its wholly owned subsidiary, which are comprised of voting interest entities in which we have a controlling financial interest in accordance with ASC 810, December 31, 2021 Basis of presentation The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown. These consolidated financial statements should be read in conjunction with the related notes. Use of estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the fair value of contributed services and recoverability of prepaid royalties. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may not not Cash equivalents The Company considers all highly liquid investments with a maturity of three December 31, 2021 2020. Accounts Receivable Revenues that have been recognized but not not not December 31, 2021. Fair value of financial instruments The Company follows paragraph 825 10 50 10 820 10 35 37 820 10 35 37” 820 10 35 37 820 10 35 37 three 3 three 3 820 10 35 37 Level 1: Level 2: 1, Level 3: not The carrying amount of the Company’s consolidated financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at December 31, 2021. Property and equipment Property and equipment are carried at the lower of cost or net realizable value. All Property and equipment with a cost of $2,000 or greater are capitalized. Major betterments that extend the useful lives of assets are also capitalized. Normal maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in operations. At December 31, 2021 December 31, 2020, Revenue recognition STCB and its subsidiaries earn their revenue as royalties from the licensing agreements it has with TSG, a related entity, and other related parties. STCB licenses the right for TSG to manufacture and sell certain Starco Brands products. The amount of the licensing revenue received varies depending upon the product and the royalty percentage is determined beforehand in each agreement. The Company recognizes its revenue only when sales are made by TSG or other related parties to a third The Company applies the following five The Company only applies the five 606 Income taxes The Company follows Section 740 10 30 not not The Company adopted section 740 10 25 740 10 25” 740 10 25 740 10 25, may not fifty 50% 740 10 25 no 740 10 25. Stock-based Compensation The Company follows the guidance of the accounting provisions of ASC 718 718” not not Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260 10 45 first December 31, 2021, Intangible Assets Definite-lived intangible assets consist of certain trademarks and customer lists. Definite-lived intangible assets are amortized utilizing the straight-line method over the assets’ estimated useful lives, which approximate 10 years. There was no significant amortization during the years ended December 31, 2021. The Company assesses potential impairment of its long-lived assets whenever events or changes in circumstances indicate that an asset or asset group’s carrying value may not 820, 2021, not Royalties and Licenses Royalty-based obligations with content licensors are either paid in advance and capitalized as prepaid royalties or are accrued as incurred and subsequently paid. These royalty-based obligations are generally expensed to cost of revenue generally at the greater of the contractual rate or an effective royalty rate based on the total projected net revenue for contracts with guaranteed minimums. Prepayments made are generally made in connection with the development of a particular product, and therefore, we are generally subject to risk during the product phase. Payments earned after completion of the product (primarily royalty-based in nature) are generally expensed as cost of revenue. Our contracts with some licensors include minimum guaranteed royalty payments, which are initially recorded as an asset and as a liability at the contractual amount when no Each quarter, we also evaluate the expected future realization of our royalty-based assets, as well as any unrecognized minimum commitments not Our minimum contractual obligations as of December 31, 2021 December 31, 2022, 2023 2024, Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not not

Note 3 - Going Concern

Note 3 - Going Concern	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	NOTE 3 GOING CONCERN The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $18,388,186 at December 31, 2021 December 31, 2021. December 31, 2021. December 2021. not may

Note 4 - Notes Payable

Note 4 - Notes Payable	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 4 NOTES PAYABLE The Company had a financing loan for its Directors and Officers Insurance (“D&O”) in that was repaid in July 2020. September 2021 June 2022. December 31, 2021 2020, During the fourth 2018, third December 31, 2020 See Note 7 Related Party Transactions

Note 5 - Operating Lease

Note 5 - Operating Lease	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 5 OPERATING LEASE The Company previously occupied office space in Burbank, California. The Company signed a three January 1, 2016. three 2016 02 842 $ 122,825 On November 1, 2020, $1,750. On November 13, 2020, two The lease expense for year ended December 31, 2020 $30,297

Note 6 - Commitments & Continge

Note 6 - Commitments & Contingencies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 6 COMMITMENTS & CONTINGENCIES On February 18, 2020, no On September 8, 2021, August 24, 2021, seven December 31, 2021, On September 14, 2021, 2024, 2021 Accrued Liability On July 9, 2014,

Note 7 - Related Party Transact

Note 7 - Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 7 RELATED PARTY TRANSACTIONS During the year ended December 31, 2017, June 2021, 36 July 2021, 10 six December 31, 2021 2022. As of December 31, 2021, may Dec 31, 2021. On January 24, 2020, two June 28, 2021, January 24, 2020 June 28, 2023. September 17, 2021, third September 17, 2023. December 13, 2021, fourth December 12, 2023. December 31, 2021, During the year ended December 31, 2021, February 2022. December 31, 2021 2020, December 31, 2021. During the year ended December 31, 2021, no

Note 8 - Stock Warrants

Note 8 - Stock Warrants	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stock Warrants [Text Block]	NOTE 8 STOCK WARRANTS The total outstanding balance of all stock warrants in the Company is 2,550,000 and 2,000,000 at December 31, 2021 December 31 2020, December 31, 2021. December 31, 2021 Exercise price 0.900 -1.0000 Dividend yield 0 % Volatility 59% - 60 % Risk-free interest rate 2.0% - 2.1 % Life of warrants 1 year from vesting A summary of the status of the Company’s outstanding stock warrants and changes during the years is presented below: Shares available to purchase with warrants Weighted Average Price Weighted Average Fair Value Weighted Average Contractual Term (years) Average Intrinsic Value Outstanding, December 31, 2019 2,000,000 $ 1.05 $ 0.003 3.4 $ 0.05 Issued - $ - $ - Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, December 31, 2020 2,000,000 $ 1.05 $ 0.003 2.4 $ 0.75 Issued 550,000 $ 0.95 $ 0.023 Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, December 31, 2021 2,550,000 $ 1.03 $ 0.007 1.7 $ - Exercisable, December 31, 2021 2,087,500 $ 1.05 $ 0.004 1.3 $ -

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Deficit)	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 STOCKHOLDERS EQUITY (DEFICIT) On July 23, 2020, fourteen October 2021, 2021 Stock Payable At October 22, 2021, December 31, 2021, December 31, 2021: Amount Shares Ending balance - December 31, 2020 $ - - Additions, net 654,166 782,736 Issuances, net - - Ending balance - December 31, 2021 $ 654,166 782,736

Note 10 - Income Tax

Note 10 - Income Tax	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 10 INCOME TAX Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not Net deferred tax assets consist of the following components as of December 31: 2021 2020 Deferred Tax Assets: NOL Carryover $ 1,778,504 $ 1,295,500 Related party accrual 56,533 75,400 Depreciation - (800 ) Payroll accrual - 18,800 Deferred tax liabilities: - - Less valuation allowance (1,835,037 ) (1,388,900 ) Net deferred tax assets $ - $ - The income tax provision for the years ended December 31 2021 2020 Current federal $ (427,754 ) $ 116,065 Current state (142,250 ) 27,635 Deferred federal - - Deferred state - - Valuation allowance 570,004 (143,700 ) Provision for income tax $ - $ - The income tax provision differs from the amount of income tax determined by applying the U.S. federal and effective state income tax rates to pretax income from continuing operations for the period ended December 31, 2021 2020 Book income (loss) $ (629,957 ) $ 141,300 Meals and entertainment - - Other nondeductible expenses 59,953 2,400 Valuation allowance 570,004 (143,700 ) Provision for income tax $ - $ - At December 31, 2021, 2017 may 2036. 2017 December 31, 2021 December 31, 2021, may 2041. Due to the change in ownership provisions of the Tax Reform Act of 1986, may no 2016.

Note 11 - Subsequent Events

Note 11 - Subsequent Events	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 11 SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, On February 14, 2022, two may 10 10

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Consolidation The consolidated financial statements of Starco Brands, Inc. include the accounts of STCB and our 96% owned subsidiary and its wholly owned subsidiary, which are comprised of voting interest entities in which we have a controlling financial interest in accordance with ASC 810, December 31, 2021
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown. These consolidated financial statements should be read in conjunction with the related notes.
Use of Estimates, Policy [Policy Text Block]	Use of estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the fair value of contributed services and recoverability of prepaid royalties. Actual results could differ from those estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may not not
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash equivalents The Company considers all highly liquid investments with a maturity of three December 31, 2021 2020.
Accounts Receivable [Policy Text Block]	Accounts Receivable Revenues that have been recognized but not not not December 31, 2021.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair value of financial instruments The Company follows paragraph 825 10 50 10 820 10 35 37 820 10 35 37” 820 10 35 37 820 10 35 37 three 3 three 3 820 10 35 37 Level 1: Level 2: 1, Level 3: not The carrying amount of the Company’s consolidated financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at December 31, 2021.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and equipment Property and equipment are carried at the lower of cost or net realizable value. All Property and equipment with a cost of $2,000 or greater are capitalized. Major betterments that extend the useful lives of assets are also capitalized. Normal maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in operations. At December 31, 2021 December 31, 2020,
Revenue [Policy Text Block]	Revenue recognition STCB and its subsidiaries earn their revenue as royalties from the licensing agreements it has with TSG, a related entity, and other related parties. STCB licenses the right for TSG to manufacture and sell certain Starco Brands products. The amount of the licensing revenue received varies depending upon the product and the royalty percentage is determined beforehand in each agreement. The Company recognizes its revenue only when sales are made by TSG or other related parties to a third The Company applies the following five The Company only applies the five 606
Income Tax, Policy [Policy Text Block]	Income taxes The Company follows Section 740 10 30 not not The Company adopted section 740 10 25 740 10 25” 740 10 25 740 10 25, may not fifty 50% 740 10 25 no 740 10 25.
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation The Company follows the guidance of the accounting provisions of ASC 718 718” not not
Earnings Per Share, Policy [Policy Text Block]	Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260 10 45 first December 31, 2021,
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Definite-lived intangible assets consist of certain trademarks and customer lists. Definite-lived intangible assets are amortized utilizing the straight-line method over the assets’ estimated useful lives, which approximate 10 years. There was no significant amortization during the years ended December 31, 2021. The Company assesses potential impairment of its long-lived assets whenever events or changes in circumstances indicate that an asset or asset group’s carrying value may not 820, 2021, not
Royalties and Licenses [Policy Text Block]	Royalties and Licenses Royalty-based obligations with content licensors are either paid in advance and capitalized as prepaid royalties or are accrued as incurred and subsequently paid. These royalty-based obligations are generally expensed to cost of revenue generally at the greater of the contractual rate or an effective royalty rate based on the total projected net revenue for contracts with guaranteed minimums. Prepayments made are generally made in connection with the development of a particular product, and therefore, we are generally subject to risk during the product phase. Payments earned after completion of the product (primarily royalty-based in nature) are generally expensed as cost of revenue. Our contracts with some licensors include minimum guaranteed royalty payments, which are initially recorded as an asset and as a liability at the contractual amount when no Each quarter, we also evaluate the expected future realization of our royalty-based assets, as well as any unrecognized minimum commitments not Our minimum contractual obligations as of December 31, 2021 December 31, 2022, 2023 2024,
New Accounting Pronouncements, Policy [Policy Text Block]	Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not not

Note 8 - Stock Warrants (Tables

Note 8 - Stock Warrants (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Exercise price 0.900 -1.0000 Dividend yield 0 % Volatility 59% - 60 % Risk-free interest rate 2.0% - 2.1 % Life of warrants 1 year from vesting
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Shares available to purchase with warrants Weighted Average Price Weighted Average Fair Value Weighted Average Contractual Term (years) Average Intrinsic Value Outstanding, December 31, 2019 2,000,000 $ 1.05 $ 0.003 3.4 $ 0.05 Issued - $ - $ - Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, December 31, 2020 2,000,000 $ 1.05 $ 0.003 2.4 $ 0.75 Issued 550,000 $ 0.95 $ 0.023 Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, December 31, 2021 2,550,000 $ 1.03 $ 0.007 1.7 $ - Exercisable, December 31, 2021 2,087,500 $ 1.05 $ 0.004 1.3 $ -

Note 9 - Stockholders' Equity_2

Note 9 - Stockholders' Equity (Deficit) (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Common Stock Payable [Table Text Block]	Amount Shares Ending balance - December 31, 2020 $ - - Additions, net 654,166 782,736 Issuances, net - - Ending balance - December 31, 2021 $ 654,166 782,736

Note 10 - Income Tax (Tables)

Note 10 - Income Tax (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2021 2020 Deferred Tax Assets: NOL Carryover $ 1,778,504 $ 1,295,500 Related party accrual 56,533 75,400 Depreciation - (800 ) Payroll accrual - 18,800 Deferred tax liabilities: - - Less valuation allowance (1,835,037 ) (1,388,900 ) Net deferred tax assets $ - $ -
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2021 2020 Current federal $ (427,754 ) $ 116,065 Current state (142,250 ) 27,635 Deferred federal - - Deferred state - - Valuation allowance 570,004 (143,700 ) Provision for income tax $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2021 2020 Book income (loss) $ (629,957 ) $ 141,300 Meals and entertainment - - Other nondeductible expenses 59,953 2,400 Valuation allowance 570,004 (143,700 ) Provision for income tax $ - $ -

Note 1 - Organization and Des_2

Note 1 - Organization and Description of Business (Details Textual) - Whipshots-DE [Member]	Dec. 31, 2021
Noncontrolling Interest, Ownership Percentage by Parent	96.00%
Percentage of Equity Issued Subject to Vesting Requirements	3.00%

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Equivalents, at Carrying Value, Total	$ 0	$ 0
Accounts Receivable, Allowance for Credit Loss, Ending Balance	0
Property, Plant and Equipment, Net, Total	$ 0	$ 0
Common Stock, Shares to be Issued (in shares)	782,736	0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2,550,000
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Amortization of Intangible Assets	$ 0
Impairment of Intangible Assets (Excluding Goodwill), Total	0
Contractual Obligation, to be Paid, Year One	550,000
Contractual Obligation, to be Paid, Year Two	1,100,000
Contractual Obligation, to be Paid, Year Three	$ 1,650,000
Investors [Member]
Common Stock, Shares to be Issued (in shares)	728,570
Advisors [Member]
Common Stock, Shares to be Issued (in shares)	650,000
Minimum [Member]
Property and Equipment, Capitalization Threshold	$ 2,000
Whipshots-DE [Member]
Noncontrolling Interest, Ownership Percentage by Parent	96.00%

Note 3 - Going Concern (Details

Note 3 - Going Concern (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Retained Earnings (Accumulated Deficit), Ending Balance	$ (18,388,186)	$ (16,137,020)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total	(2,325,074)	543,286
Net Cash Provided by (Used in) Operating Activities, Total	$ (1,837,240)	$ 665,770

Note 4 - Notes Payable (Details

Note 4 - Notes Payable (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2021	Dec. 31, 2020
Short-term Debt, Total		$ 53,822	$ 0
Financing Loan for Director and Officer Insurance Policy [Member]
Debt Instrument, Interest Rate, Stated Percentage		4.40%
Short-term Debt, Total		$ 53,822	$ 0
Loan for General Operating Expenses [Member]
Proceeds from Notes Payable, Total	$ 3,300

Note 5 - Operating Lease (Detai

Note 5 - Operating Lease (Details Textual) - USD ($)	Nov. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2019	Jan. 01, 2016
Lessee, Operating Lease, Term of Contract (Year)					3 years
Lessee, Operating Lease, Renewal Term (Year)				3 years
Lessee, Operating Lease, Monthly Payment	$ 1,750
Gain (Loss) on Extinguishment of Debt, Total	$ 34,280	$ 0	$ 37,580
Operating Lease, Expense			34,691
Operating Lease, Expense, Interest			4,394
Operating Lease, Payments			25,918
Operating Lease, Right-of-Use Asset, Amortization Expense			$ 30,297
Other Current Assets [Member]
Operating Lease, Right-of-Use Asset					$ 122,825
Other Current Liabilities [Member]
Operating Lease, Liability, Total					$ 122,825

Note 6 - Commitments & Contin_2

Note 6 - Commitments & Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Sep. 14, 2021	Sep. 08, 2021	Jul. 09, 2014
Payments to Acquire Intangible Assets	$ 20,000
Accrued Liabilities, Total				$ 150,000
Penguins Fly, LLC [Member]
Minimum Purchase Price, Aggregate Payment			$ 140,000
Maximum Purchase Price Aggregate Payment			$ 2,000,000
Payments to Acquire Intangible Assets	20,000
Washpoppin Inc. [Member]
Minimum Royalty Payments		$ 3,300,000
Royalty Expense	42,300
Advance Royalties, Total	$ 507,700

Note 7 - Related Party Transa_2

Note 7 - Related Party Transactions (Details Textual) - USD ($)	Dec. 13, 2021	Sep. 17, 2021	Jun. 28, 2021	Feb. 14, 2020	Jan. 24, 2020	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2017	Jun. 30, 2024
Due to Related Parties, Noncurrent, Total						$ 1,100,000	$ 1,100,000	$ 0
Due to Related Parties, Current, Total						376,382	376,382	546,989
Proceeds from Related Party Debt							1,447,272	320,568
Accrued Interest, Related Party						202,023	202,023	6,346
Revenue from Related Parties							673,329	$ 1,365,360
Accounts Receivable, Related Parties						174,059	174,059
Chairman and Former CEO [Member]
Due to Related Parties, Noncurrent, Total									$ 289,821
Related-party Advance, Monthly Interest Payment									$ 2,545
Sanford Lang and Martin Goldrod [Member]
Stock Repurchased During Period, Value						65,700
Sanford Lang and Martin Goldrod [Member] | Forecast [Member]
Monthly Share Repurchases from Related Parties, Value										$ 10,950
The Starco Group [Member]
Due to Related Parties, Noncurrent, Total				$ 472,500
Due to Related Parties, Current, Total						203,539	203,539
Conditions for Related Party to Deduct Incurred Expenses from Subsequent Royalty Payments, Royalty Revenue Threshold							250,000
Related Party Transaction, Amounts of Transaction							347,272
Debt Instrument, Interest Rate During Period				4.00%
The Starco Group [Member] | Due for Expenses to Launch Licensed Brands [Member]
Due to Related Parties, Current, Total						72,843	72,843
Chief Executive Officer [Member]
Notes Payable, Total					$ 100,000
Debt Instrument, Interest Rate During Period					4.00%
Debt Instrument, Term (Year)					2 years
Proceeds from Related Party Debt	$ 500,000	$ 500,000	$ 100,000
Long-Term Debt, Gross						1,200,000	1,200,000
Accrued Interest, Related Party						8,626	8,626
The Woo [Member]
Marketing Expense, Related Party							1,033,210
Temperance [Member]
Notes Receivable, Related Parties						$ 95,640	$ 95,640

Note 8 - Stock Warrants (Detail

Note 8 - Stock Warrants (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Class of Warrant or Right, Outstanding (in shares)	2,550,000	2,000,000
Non-employee Detached Free-standing Stock Warrants [Member]
Class of Warrant or Right, Issued During Period (in shares)	550,000
Warrants or Rights Issued During Period, Value	$ 12,455

Note 8 - Stock Warrants - Assum

Note 8 - Stock Warrants - Assumptions (Details)	Dec. 31, 2021
Measurement Input, Exercise Price [Member] | Minimum [Member]
Warrant assumptions	0.90
Measurement Input, Exercise Price [Member] | Maximum [Member]
Warrant assumptions	1
Measurement Input, Expected Dividend Rate [Member]
Warrant assumptions	0
Measurement Input, Price Volatility [Member] | Minimum [Member]
Warrant assumptions	0.59
Measurement Input, Price Volatility [Member] | Maximum [Member]
Warrant assumptions	0.60
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Warrant assumptions	0.020
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Warrant assumptions	0.021
Measurement Input, Expected Term [Member]
Warrant assumptions	1

Note 8 - Stock Warrants - Summa

Note 8 - Stock Warrants - Summary of Stock Warrants (Details) - Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balance, shares (in shares)	2,000,000	2,000,000
Balance, weighted average price (in dollars per share)	$ 1.05	$ 1.05
Balance, weighted average fair value (in dollars per share)	$ 0.003	$ 0.003
Outstanding, weighted average remaining contractual term (Year)	1 year 8 months 12 days	2 years 4 months 24 days	3 years 4 months 24 days
Outstanding, aggregate intrinsic value (in dollars per share)	$ 0	$ 0.75	$ 0.05
Issued, shares (in shares)	550,000	0
Issued, weighted average price (in dollars per share)	$ 0.95	$ 0
Exercised, shares (in shares)	0	0
Exercised, weighted average price (in dollars per share)	$ 0	$ 0
Cancelled, shares (in shares)	0	0
Cancelled, weighted average price (in dollars per share)	$ 0	$ 0
Expired, shares (in shares)	0	0
Expired, weighted average price (in dollars per share)	$ 0	$ 0
Issued, weighted average fair value (in dollars per share)	$ 0.023
Balance, shares (in shares)	2,550,000	2,000,000	2,000,000
Balance, weighted average price (in dollars per share)	$ 1.03	$ 1.05	$ 1.05
Balance, weighted average fair value (in dollars per share)	$ 0.007	$ 0.003	$ 0.003
Exercisable, shares (in shares)	2,087,500
Exercisable, weighted average price (in dollars per share)	$ 1.05
Exercisable, weighted average fair value (in dollars per share)	$ 0.004
Exercisable, weighted average remaining contractual term (Year)	1 year 3 months 18 days
Exercisable, aggregate intrinsic value (in dollars per share)	$ 0

Note 9 - Stockholders' Equity_3

Note 9 - Stockholders' Equity (Deficit) (Details Textual) - USD ($)	Jul. 23, 2020	Oct. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Oct. 22, 2021
Stock Issued During Period, Shares, Issued for Services (in shares)	49,751	650,000
Share Price, Average 14 Closing Day Price (in dollars per share)	$ 2.01
Stock Issued During Period, Value, Issued for Services	$ 100,000	$ 650,000		$ 100,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month)		24 months
Shares Issued, Price Per Share (in dollars per share)		$ 1
Share-Based Payment Arrangement, Expense			$ 54,166
Common Stock Payable			654,166	$ 0
Investors [Member]
Common Stock Payable					$ 600,000
Advisors [Member]
Common Stock Payable			$ 54,166

Note 9 - Stockholders' Equity_4

Note 9 - Stockholders' Equity (Deficit) - Summary of Activity of Stock Payable (Details)	12 Months Ended
	Dec. 31, 2021USD ($)shares
Ending balance | $	$ 0
Ending balance, shares (in shares) | shares	0
Additions, net | $	$ 654,166
Additions, net, shares (in shares) | shares	782,736
Issuances, net | $	$ 0
Issuances, net, shares (in shares) | shares	0
Ending balance | $	$ 654,166
Ending balance, shares (in shares) | shares	782,736

Note 10 - Income Tax (Details T

Note 10 - Income Tax (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Expense (Benefit), Total	$ 0	$ 0
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Effective Income Tax Rate Reconciliation, Percent, Total	21.00%
Operating Loss Carryforwards	$ 6,356,000
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | Prior to 2017 [Member]
Operating Loss Carryforwards	4,337,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	$ 3,289,000
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Effective Income Tax Rate Reconciliation, Percent, Total	8.84%

Note 10 - Income Tax - Net Defe

Note 10 - Income Tax - Net Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
NOL Carryover	$ 1,778,504	$ 1,295,500
Related party accrual	56,533	75,400
Depreciation	0	800
Payroll accrual	0	18,800
Less valuation allowance	(1,835,037)	(1,388,900)
Net deferred tax assets	$ 0	$ 0

Note 10 - Income Tax - Income T

Note 10 - Income Tax - Income Tax Provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current federal	$ (427,754)	$ 116,065
Current state	(142,250)	27,635
Deferred federal	0	0
Deferred state	0	0
Valuation allowance	570,004	(143,700)
Provision for income tax	$ 0	$ 0

Note 10 - Income Tax - Income_2

Note 10 - Income Tax - Income Tax Provision Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Book income (loss)	$ (629,957)	$ 141,300
Meals and entertainment	0	0
Other nondeductible expenses	59,953	2,400
Valuation allowance	570,004	(143,700)
Provision for income tax	$ 0	$ 0

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual) - USD ($)	Feb. 14, 2020	Dec. 31, 2021	Dec. 31, 2020
Due to Related Parties, Noncurrent, Total		$ 1,100,000	$ 0
Proceeds from Related Party Debt		$ 1,447,272	$ 320,568
Share Price (in dollars per share)		$ 0.29
The Starco Group [Member]
Due to Related Parties, Noncurrent, Total	$ 472,500
Debt Instrument, Interest Rate During Period	4.00%
The Starco Group [Member] | Cash Advance [Member]
Proceeds from Related Party Debt	$ 300,000
The Starco Group [Member] | Company Costs [Member]
Proceeds from Related Party Debt	$ 172,500