Data / Crowdfunding / California / VB Brands, Inc.
VB Brands, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $5,000,000 (2022)
VB Brands, Inc., a corporation in Woodland Hills, CA, filed a Form C with the SEC on February 7, 2022 to raise $25,000 to $5,000,000 in preferred stock through SI SECURITIES, LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $274,918 in revenue and a net loss of $1,561,711, with 3 employees.
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- Website
- clickspray.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 22543 VENTURA BOULEVARD SUITE 220, UNIT 606, Woodland Hills, CA 91364
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 14, 2019
- SEC CIK
- 0001893569
Offering terms
From the offering filed February 7, 2022.
- Security
- Preferred Stock
- Price
- $0.95
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2022
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-U filed May 9, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $274,918 | $0 | sec.gov |
| Cost of goods sold | $599,566 | $0 | sec.gov |
| Net income | $-1,561,711 | $-342,302 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $297,555 | $159,743 | sec.gov |
| Cash | $64,151 | $159,743 | sec.gov |
| Accounts receivable | $34,636 | $0 | sec.gov |
| Short-term debt | $194,821 | $44,115 | sec.gov |
| Long-term debt | $0 | $50,781 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 9, 2022 | Progress update | $25,000 | $5,000,000 | April 30, 2022 | The issuer raised approximately $242,105.60 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| February 7, 2022 | Offering | $25,000 | $5,000,000 | April 30, 2022 | sec.gov |
Updated May 9, 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.