Data / Crowdfunding / Florida / Vegan Fine Brands, Inc.
Vegan Fine Brands, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2021)
Vegan Fine Brands, Inc., a corporation in Boca Raton, FL, filed a Form C with the SEC on March 5, 2021 to raise $50,000 to $500,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $822,264 in revenue and a net loss of $714,538, with 6 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.veganfinebrands.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1825 NW Corporate Blvd Suite 110, Boca Raton, FL 33431
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 28, 2016
- SEC CIK
- 0001776306
Offering terms
From the offering filed March 5, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- April 30, 2021
- Portal compensation
- 7.5% 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 March 5, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $822,264 | $752,342 | sec.gov |
| Cost of goods sold | $933,264 | $705,336 | sec.gov |
| Net income | $-714,538 | $-369,205 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $300,337 | $359,448 | sec.gov |
| Cash | $59,108 | $66,732 | sec.gov |
| Accounts receivable | $500 | $0 | sec.gov |
| Short-term debt | $370,197 | $398,273 | sec.gov |
| Long-term debt | $637,027 | $33,958 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 5, 2021 | Offering | $50,000 | $500,000 | April 30, 2021 | sec.gov | |
| December 31, 2020 | Progress update | $50,000 | $1,070,000 | September 27, 2019 | At the close of their offering, the issuer closed on $80,582.34 and 6,928 in shares of common stock. | sec.gov |
| December 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| June 14, 2019 | Offering | $50,000 | $1,070,000 | September 27, 2019 | sec.gov |
Updated March 5, 2021. 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.