Data / Crowdfunding / New York / Ginjan Bros, Inc.
Ginjan Bros, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2024)
Ginjan Bros, Inc., a corporation in New York, NY, filed a Form C with the SEC on September 9, 2024 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $634,684 in revenue and a net loss of $622,033, with 12 employees.
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- Website
- www.ginjanbros.com
- Funding portal
- Wefunder Portal LLC
- Address
- 85 East 125th Street, New York, NY 10035
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 12, 2018
- SEC CIK
- 0001757511
Offering terms
From the offering filed September 9, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2025
- Portal compensation
- 6.9% 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 filed September 9, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $634,684 | $1,726,461 | sec.gov |
| Cost of goods sold | $383,702 | $1,564,391 | sec.gov |
| Net income | $-622,033 | $-796,286 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $382,603 | $962,911 | sec.gov |
| Cash | $8,838 | $445,325 | sec.gov |
| Accounts receivable | $16,574 | $17,205 | sec.gov |
| Short-term debt | $1,337,958 | $1,129,079 | sec.gov |
| Long-term debt | $910,337 | $1,072,415 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 9, 2024 | Offering | $50,000 | $1,235,000 | April 30, 2025 | sec.gov | |
| October 7, 2022 | Progress update | $10,000 | $1,070,000 | November 4, 2019 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $167,650 and 167,650 number of securities. | sec.gov |
| June 8, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| November 7, 2019 | Progress update | $10,000 | $1,070,000 | November 4, 2019 | The amount raised at the time of closing is $183,150 | sec.gov |
| September 3, 2019 | Amendment | $10,000 | $1,070,000 | November 4, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 1, 2019 | Amendment | $10,000 | $1,070,000 | September 3, 2019 | Issuer is extending the end date of their campaign. | sec.gov |
| May 1, 2019 | Amendment | $10,000 | $1,070,000 | July 3, 2019 | Issuer is extending their campaign and updating their financials. | sec.gov |
| March 29, 2019 | Amendment | $10,000 | $1,070,000 | April 30, 2019 | Issuer is extending the length of their campaign by 32 days. | sec.gov |
| January 28, 2019 | Amendment | $10,000 | $1,070,000 | April 1, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| November 1, 2018 | Offering | $10,000 | $1,070,000 | January 31, 2019 | sec.gov |
Updated September 9, 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.