Data / Crowdfunding / California / Firebrand, PBC
Firebrand, PBC: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2022)
Firebrand, PBC, a company in Oakland, CA, filed a Form C with the SEC on May 5, 2022 to raise $100,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on May 30, 2022. In its most recent fiscal year it reported $4,466,070 in revenue and a net loss of $817,830, with 85 employees.
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- Website
- www.firebrandbread.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2343 Broadway, Oakland, CA 94612
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- April 25, 2007
- SEC CIK
- 0001888815
Offering terms
From the amendment filed May 5, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- May 30, 2022
- Portal compensation
- 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.
Financials
From the Form C/A filed May 5, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,466,070 | $6,166,954 | sec.gov |
| Cost of goods sold | $4,009,820 | $3,777,895 | sec.gov |
| Net income | $-817,830 | $-93,048 | sec.gov |
| Taxes paid | $109,676 | $41,416 | sec.gov |
| Total assets | $3,322,876 | $1,592,921 | sec.gov |
| Cash | $491,429 | $51,903 | sec.gov |
| Accounts receivable | $169,105 | $230,773 | sec.gov |
| Short-term debt | $971,132 | $2,318,272 | sec.gov |
| Long-term debt | $2,400,839 | $729,181 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2022 | Amendment | $100,000 | $1,070,000 | May 30, 2022 | C/A - lowering minimum goal | sec.gov |
| December 6, 2021 | Offering | $300,000 | $1,070,000 | April 30, 2022 | sec.gov |
Also on SpecStream
Updated May 5, 2022. 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.