Data / Crowdfunding / California / Domestic Brands Inc
Domestic Brands Inc: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $107,000 (2020)
Domestic Brands Inc, a corporation in Long Beach, CA, filed a Form C with the SEC on November 30, 2020 to raise $10,000 to $107,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on December 23, 2020. In its most recent fiscal year it reported $86,816 in revenue and $42,029 in net income, with 2 employees.
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- Website
- cnctea.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 235 E Broadway Ste 518, Long Beach, CA 90802
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 19, 2018
- SEC CIK
- 0001757183
Offering terms
From the amendment filed November 30, 2020.
- Security
- Common Stock
- Price
- $0.20
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- December 23, 2020
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C/A filed November 30, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $86,816 | $70,276 | sec.gov |
| Cost of goods sold | $20,142 | $17,793 | sec.gov |
| Net income | $42,029 | $33,155 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $95,844 | $21,301 | sec.gov |
| Cash | $76,112 | $0 | sec.gov |
| Accounts receivable | $12,068 | $183,623 | sec.gov |
| Short-term debt | $1,519 | $2,778 | sec.gov |
| Long-term debt | $6,084 | $6,084 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 30, 2020 | Amendment | $10,000 | $107,000 | December 23, 2020 | the issuer extended the offering date. | sec.gov |
| September 25, 2020 | Amendment | $10,000 | $107,000 | November 30, 2020 | the issuer extended the offering date. | sec.gov |
| August 31, 2020 | Amendment | $10,000 | $107,000 | September 30, 2020 | issuer extended the offering date. | sec.gov |
| June 26, 2020 | Amendment | $10,000 | $107,000 | August 31, 2020 | issuer extended the offering date. | sec.gov |
| May 27, 2020 | Amendment | $10,000 | $107,000 | June 30, 2020 | issuer extended the offering date. issuer updated the financial statements. | sec.gov |
| May 1, 2020 | Amendment | $10,000 | $107,000 | June 1, 2020 | issuer extended the offering date. | sec.gov |
| May 1, 2020 | Amendment | $10,000 | $107,000 | June 1, 2020 | issuer extended the offering date. | sec.gov |
| March 27, 2020 | Amendment | $10,000 | $107,000 | April 30, 2020 | issuer extended offering. | sec.gov |
| October 15, 2019 | Amendment | $10,000 | $107,000 | March 31, 2020 | issuer extended offering deadline. | sec.gov |
| April 30, 2019 | Amendment | $10,000 | $107,000 | October 28, 2019 | issuer extended offering deadline. | sec.gov |
| April 30, 2019 | Amendment | $10,000 | $107,000 | April 30, 2019 | issuer updated financial statements. | sec.gov |
| February 25, 2019 | Amendment | $10,000 | $107,000 | April 30, 2019 | issuer extended offering deadline. | sec.gov |
| January 10, 2019 | Amendment | $10,000 | $107,000 | February 27, 2019 | issuer added information about the individuals who represent the company as a director, officer or promoter of the offering. | sec.gov |
| November 28, 2018 | Offering | $10,000 | $107,000 | February 27, 2019 | sec.gov |
Updated November 30, 2020. 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.