Data / Crowdfunding / California / DKB Brands Inc
DKB Brands Inc: crowdfunding raise on Wefunder Portal LLC, $75,000 to $618,000 (2023)
DKB Brands Inc, a corporation in Oakland, CA, filed a Form C with the SEC on April 7, 2023 to raise $75,000 to $618,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $459,820 in revenue and a net loss of $505,663, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.enjoydkb.com
- Funding portal
- Wefunder Portal LLC
- Address
- 420 3rd Street Unit A, Oakland, CA 94607
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 13, 2019
- SEC CIK
- 0001846874
Offering terms
From the amendment filed April 7, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $75,000
- Maximum
- $618,000
- Deadline
- April 29, 2024
- Portal compensation
- <p>6.5% 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.</p>
Financials
From the Form C/A filed April 7, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $459,820 | $143,136 | sec.gov |
| Cost of goods sold | $402,824 | $47,307 | sec.gov |
| Net income | $-505,663 | $-317,623 | sec.gov |
| Taxes paid | $0 | $2,711 | sec.gov |
| Total assets | $256,781 | $67,105 | sec.gov |
| Cash | $33,521 | $31,125 | sec.gov |
| Accounts receivable | $44,452 | $32,380 | sec.gov |
| Short-term debt | $205,339 | $85,123 | sec.gov |
| Long-term debt | $1,314,780 | $739,655 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 7, 2023 | Amendment | $75,000 | $618,000 | April 29, 2024 | Adding 2022 reviewed financials and extending campaign. | sec.gov |
| January 26, 2023 | Offering | $75,000 | $618,000 | April 30, 2023 | sec.gov | |
| January 25, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 24, 2021 | Offering | $75,000 | $300,000 | April 30, 2022 | sec.gov |
Updated April 7, 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.