Data / Crowdfunding / Delaware / BitterBrains Inc
BitterBrains Inc: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2025)
BitterBrains Inc, a general partnership in Claymont, DE, filed a Form C with the SEC on March 10, 2025 to raise $50,000 to $1,235,000 in SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 24, 2025. In its most recent fiscal year it reported $2,226,506 in revenue and a net loss of $202,318.
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- Website
- bitterbrains.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2093 Philadelphia Pike #9442, Claymont, DE 19703
- Legal form
- General Partnership
- Jurisdiction
- DE
- Incorporated
- February 23, 2017
- SEC CIK
- 0002040359
Offering terms
From the amendment filed March 10, 2025.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 24, 2025
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary a cash fee of three and one-half percent (3.5%) of the dollar amount raised in the Offering.
Financials
From the Form C-AR filed May 21, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,226,506 | $2,806,651 | sec.gov |
| Cost of goods sold | $1,879,925 | $1,537,729 | sec.gov |
| Net income | $-202,318 | $530,352 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $595,654 | $1,234,302 | sec.gov |
| Cash | $529,487 | $1,083,028 | sec.gov |
| Accounts receivable | $9,039 | $90,136 | sec.gov |
| Short-term debt | $33,666 | $529,370 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 21, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 6, 2025 | Progress update | $50,000 | $1,235,000 | April 24, 2025 | The Offering closed successfully on 4/25/2025, having received investment commitments of $223,232.83, although a final accounting has not taken place. | sec.gov |
| March 10, 2025 | Amendment | $50,000 | $1,235,000 | April 24, 2025 | This material amendment is filed to (i) extend offering deadline to April 24, 2024. (ii) Update the cash on hand to $554,000 as of January 31, 2025 and (iii) update the runway to 14months as of January 31, 2025. | sec.gov |
| November 12, 2024 | Amendment | $50,000 | $1,235,000 | March 11, 2025 | This amendment is filed to update (i) the Minimum Individual Purchase Amount from $100 to $150 and (ii) the Maximum Individual Purchase Amount from $124,000 to $500,000. | sec.gov |
| November 8, 2024 | Offering | $50,000 | $1,235,000 | March 11, 2025 | sec.gov |
Updated May 21, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.