Data / Crowdfunding / New York / JB-NY Distributors, Inc.
JB-NY Distributors, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
JB-NY Distributors, Inc., a corporation in New York, NY, filed a Form C with the SEC on April 5, 2021 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $4,757,784 in revenue and a net loss of $2,797,070, with 21 employees.
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- Website
- taprm.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 235 Park Avenue South Floor 4, New York, NY 10003
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 21, 2017
- SEC CIK
- 0001827386
Offering terms
From the amendment filed April 5, 2021.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2021
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR filed May 4, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,757,784 | $595,938 | sec.gov |
| Cost of goods sold | $4,044,272 | $461,305 | sec.gov |
| Net income | $-2,797,070 | $-513,363 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,754,087 | $1,239,856 | sec.gov |
| Cash | $954,908 | $939,765 | sec.gov |
| Accounts receivable | $258,641 | $85,640 | sec.gov |
| Short-term debt | $489,408 | $185,634 | sec.gov |
| Long-term debt | $2,944,823 | $417,681 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 4, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Progress update | $25,000 | $1,070,000 | April 30, 2021 | The Offering was successful as of its deadline, April 30, 2021, having received investment commitments of $1,607,916 although a final accounting has not taken place. | sec.gov |
| April 5, 2021 | Amendment | $25,000 | $1,070,000 | April 30, 2021 | (i) raising the maximum offering amount to $5,000,000 (ii), replacing the financial statements with audited financial statements, (iii) updating disclosure regarding early closings, and (iv) updating the terms of the Crowd SAFE | sec.gov |
| November 24, 2020 | Offering | $25,000 | $1,070,000 | April 2, 2021 | 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.