Data / Crowdfunding / New York / Lunar Brands, Inc.
Lunar Brands, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Lunar Brands, Inc., a corporation in Long Island City, NY, filed a Form C with the SEC on January 19, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 20, 2023. In its most recent fiscal year it reported $406,320 in revenue and a net loss of $978,238, with 5 employees.
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- Website
- www.drinklunar.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 41-34 CRESCENT STREET #9H, Long Island City, NY 11101
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 5, 2019
- SEC CIK
- 0001961272
Offering terms
From the offering filed January 19, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- March 20, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 14, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $406,320 | $231,167 | sec.gov |
| Cost of goods sold | $473,763 | $194,501 | sec.gov |
| Net income | $-978,238 | $-401,316 | sec.gov |
| Taxes paid | $705 | $983 | sec.gov |
| Total assets | $602,437 | $218,628 | sec.gov |
| Cash | $423,549 | $122,130 | sec.gov |
| Accounts receivable | $11,770 | $23,951 | sec.gov |
| Short-term debt | $71,281 | $4,468 | sec.gov |
| Long-term debt | $1,957,500 | $692,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 14, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 14, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 28, 2023 | Progress update | $25,000 | $1,235,000 | March 20, 2023 | The Offering closed successfully on 3/21/2023, having received investment commitments of $266,185, although a final accounting has not taken place. | sec.gov |
| January 19, 2023 | Offering | $25,000 | $1,235,000 | March 20, 2023 | sec.gov |
Updated April 14, 2023. 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.