Data / Crowdfunding / Arizona / kulaBrands, Inc.
kulaBrands, Inc.: crowdfunding raise on truCrowd, Inc, $40,005 to $534,992 (2020)
kulaBrands, Inc., a corporation in Fountain Hills, AZ, filed a Form C with the SEC on January 31, 2020 to raise $40,005 to $534,992 in common stock through truCrowd, Inc. The offering closed on May 1, 2020. In its most recent fiscal year it reported $808,757 in revenue and a net loss of $330,746, with 6 employees.
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- Website
- kulabrands.com
- Funding portal
- truCrowd, Inc
- Address
- 16509 E ARROYO VISTA DR, Fountain Hills, AZ 85268
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 25, 2016
- SEC CIK
- 0001706939
Offering terms
From the amendment filed January 31, 2020.
- Security
- Common Stock
- Price
- $17.82
- Target
- $40,005
- Maximum
- $534,992
- Deadline
- May 1, 2020
- Portal compensation
- The funding portal will be paid a success fee of 7% of funds raised, with fee capped at $21.400
Financials
From the Form C-AR filed April 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $808,757 | $1,258,601 | sec.gov |
| Cost of goods sold | $696,484 | $1,158,882 | sec.gov |
| Net income | $-330,746 | $-51,374 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $717,058 | $655,077 | sec.gov |
| Cash | $83,545 | $94,864 | sec.gov |
| Accounts receivable | $273,877 | $310,673 | sec.gov |
| Short-term debt | $37,283 | $21,206 | sec.gov |
| Long-term debt | $514,909 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| January 31, 2020 | Amendment | $40,005 | $534,992 | May 1, 2020 | Updating offering deadline to 5/01/2020 | sec.gov |
| December 31, 2019 | Amendment | $40,005 | $534,992 | February 1, 2020 | Updating offering deadline to 2/01/2020 | sec.gov |
| December 6, 2019 | Amendment | $40,005 | $534,992 | January 1, 2020 | Updating valuation, price per share, offering minimum, offering maximum. | sec.gov |
| November 26, 2019 | Amendment | $40,014 | $534,973 | January 1, 2020 | Extending offering deadline until 1-01-2020 | sec.gov |
| October 30, 2019 | Amendment | $40,014 | $534,973 | December 1, 2019 | Extending offering deadline until 12-1-2019 | sec.gov |
| October 11, 2019 | Amendment | $40,014 | $534,973 | October 30, 2019 | Included information accidentally left out on additional company officers. | sec.gov |
| August 5, 2019 | Amendment | $40,014 | $534,973 | October 30, 2019 | Correcting contradicting dates to set offering end date to 10/30/2019 and correcting incorrect values for total assets. | sec.gov |
| August 1, 2019 | Offering | $40,014 | $534,973 | October 30, 2019 | sec.gov | |
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 9, 2018 | Progress update | $40,000 | $1,000,070 | December 31, 2017 | The company has raised $492,540.23 from 538 investors. | sec.gov |
| July 31, 2017 | Amendment | $40,000 | $1,000,070 | December 31, 2017 | Issuer has clarified several points: allocation of shares is on a First Come First Served basis; maximum offering amount is $1,070,000; share price is $8.79 per share; all as provided for in the updated Offering Statement | sec.gov |
| July 27, 2017 | Progress update | $40,000 | $1,000,000 | December 31, 2017 | On July 26, 2017, Issuer took the first disbursement $158,298.91, less $6,331.96 funding portal fees. | sec.gov |
| June 8, 2017 | Offering | $40,000 | $1,000,000 | December 31, 2017 | sec.gov |
Updated April 29, 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.