Reborn Coffee Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
REBN$1.19-1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| December 31, | 2023 | 2022 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $676,448 | $3,019,035 |
| Accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively | 47,361 | 780 |
| Inventories, net | 166,281 | 132,343 |
| Prepaid expense and other current assets | 773,949 | 477,850 |
| Total current assets | 1,664,039 | 3,630,008 |
| Property and equipment, net | 2,100,146 | 1,581,805 |
| Operating lease right-of-use asset | 4,227,815 | 3,010,564 |
| Other assets | 1,008,419 | 235,164 |
| Total assets | $9,000,419 | $8,457,541 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $399,346 | $87,809 |
| Accrued expenses and current liabilities | 598,468 | 233,053 |
| Loans payable to financial institutions | 791,353 | 44,664 |
| Loan payable to other | 300,000 | - |
| Current portion of loan payable, emergency injury disaster loan (EIDL) | 30,060 | 30,060 |
| Current portion of loan payable, payroll protection program (PPP) | 45,678 | 45,678 |
| Current portion of operating lease liabilities | 847,990 | 624,892 |
| Total current liabilities | 3,012,895 | 1,066,156 |
| Loans payable to financial institutions, less current portion | 335,147 | 6,234 |
| Loan payable, emergency injury disaster loan (EIDL), less current portion | 469,940 | 469,940 |
| Loan payable, payroll protection program (PPP), less current portion | 51,595 | 98,697 |
| Operating lease liabilities, less current portion | 3,556,999 | 2,529,985 |
| Total liabilities | 7,426,576 | 4,171,012 |
| Commitments and Contingencies | ||
| Stockholders’ equity | ||
| Common Stock, $0.0001 par value, 40,000,000 shares authorized; and 14,929,390 and 13,162,723 shares issued and outstanding at December 31, 2023 and 2022, respectively | 1,493 | 1,316 |
| Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022 | - | - |
| Additional paid-in capital | 17,601,837 | 16,317,014 |
| Accumulated deficit | (16,029,487) | (12,031,801) |
| Total stockholders’ equity | 1,573,843 | 4,286,529 |
| Total liabilities and stockholders’ equity | $9,000,419 | $8,457,541 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.