TruBrain on StartEngine 2022 – KingsCrowd

0
12

[ad_1]

Security Type

Equity – Common

Pre-Money Valuation

$24,300,000

Reporting Date

06/17/2022

Likelihood of Max

Momentum

cold.svg

Create a free account today to gain access to KingsCrowd analytics.

Location

Santa Monica, California

Industry

Fitness & Wellness

TruBrain, with a valuation of $24.3 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company provides cognitive nutrition in the form of brain food containing CBD. The products of TruBrain are made with high-quality ingredients using their unique formulas and help improve the brain’s abilities and overcome mental blocks. TruBrain achieved profitability in 2019 and has reported $17 million in lifetime sales. Chris Thompson founded TruBrain in 2012. The current crowdfunding campaign has a maximum target of $9,315,000. The campaign proceeds will be used for research and development, sales and marketing, capital expenses, and general and administrative expenses.

Balance Sheet

Cash and Cash Equivalents

$1,284,276

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,583,825

Accounts Payable & Accrued Liabilities

$74,037

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$113,859

Total Liabilities

$1,374,042

Total Stockholders’ Equity

$209,783

Total Liabilities and Equity

$1,583,825

Statement of Comprehensive Income Information

Total Revenues

$2,139,169

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$959,151

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$73,257

Earnings Per Share – Basic

$0.00

Earnings Per Share – Diluted

$0.00

Auditor: Fruci & Associates II, PLLC

Financials as of: 06/15/2022

Create a free account today to gain access to KingsCrowd analytics.

Raise History

TruBrain 06/15/2023 StartEngine $24,300,000 $0 Equity – Common
Active
RegA+
TruBrain 03/31/2022 StartEngine $18,500,000 $634,561 Equity – Common
Funded
RegA+
TruBrain 12/27/2019 StartEngine $19,000,000 $1,070,029 Equity – Common
Funded
RegCF

Create a free account today to gain access to KingsCrowd analytics.



[ad_2]