Data / Crowdfunding / Colorado / Cusa Tea Inc.
Cusa Tea Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $4,000,000 (2022)
Cusa Tea Inc., a corporation in Boulder, CO, filed a Form C with the SEC on September 12, 2022 to raise $50,000 to $4,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $1,845,240 in revenue and a net loss of $1,713,077, with 4 employees.
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- Website
- www.DrinkCusa.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3275 Prairie Ave, Suite B, Boulder, CO 80301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 12, 2016
- SEC CIK
- 0001777038
Offering terms
From the amendment filed September 12, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $4,000,000
- Deadline
- April 30, 2023
- Portal compensation
- 7.5% 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 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,845,240 | $1,435,778 | sec.gov |
| Cost of goods sold | $1,073,815 | $564,590 | sec.gov |
| Net income | $-1,713,077 | $-872,601 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $732,755 | $954,991 | sec.gov |
| Cash | $106,405 | $288,728 | sec.gov |
| Accounts receivable | $58,017 | $20,499 | sec.gov |
| Short-term debt | $757,789 | $110,576 | sec.gov |
| Long-term debt | $2,070,672 | $1,091,045 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 12, 2022 | Amendment | $50,000 | $4,000,000 | April 30, 2023 | Lowering minimum goal to 50k | sec.gov |
| August 31, 2022 | Offering | $750,000 | $4,000,000 | April 30, 2023 | sec.gov |
Updated April 27, 2023. 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.