Data / Crowdfunding / California / CUBO BEVERAGES INC.
CUBO BEVERAGES INC.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,069,999 (2022)
CUBO BEVERAGES INC., a corporation in Los Angeles, CA, filed a Form C with the SEC on August 12, 2022 to raise $50,000 to $1,069,999 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $27,000 in revenue and a net loss of $771,000, with 6 employees.
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- Website
- cubopods.com
- Funding portal
- Wefunder Portal LLC
- Address
- 5630 Venice Blvd Suite 6101, Los Angeles, CA 90019
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 9, 2022
- SEC CIK
- 0001939246
Offering terms
From the offering filed August 12, 2022.
- Security
- Preferred Stock
- Price
- $0.97
- Target
- $50,000
- Maximum
- $1,069,999
- Deadline
- April 30, 2023
- Portal compensation
- 6.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed April 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $27,000 | $10,761 | sec.gov |
| Cost of goods sold | $20,790 | $8,286 | sec.gov |
| Net income | $-771,000 | $-515,169 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,183,000 | $2,495,132 | sec.gov |
| Cash | $23,000 | $165,081 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $50,000 | $0 | sec.gov |
| Long-term debt | $350,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 12, 2022 | Offering | $50,000 | $1,069,999 | April 30, 2023 | sec.gov |
Updated April 26, 2024. 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.