Reborn Coffee Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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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
Statements of Cash Flows
| Years Ended December 31, | 2023 | 2022 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(3,997,686) | $(3,554,897) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock compensation | 285,000 | 441,001 |
| Operating lease | 271,854 | 21,065 |
| Depreciation | 262,019 | 210,616 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (46,581) | (780) |
| Inventories | (33,938) | (43,466) |
| Prepaid expense and other current assets | (1,069,354) | (521,176) |
| Accounts payable | 311,537 | 42,062 |
| Accrued expenses and current liabilities | 1,226,193 | 108,518 |
| Net cash used in operating activities | (2,790,956) | (3,297,058) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,019,353) | (681,531) |
| Net cash used in investing activities | (1,019,353) | (681,531) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock | - | 7,200,000 |
| Payment for offering costs | - | (997,870) |
| Proceeds from Line of Credit | 1,000,000 | 685,961 |
| Repayment of Line of Credit | - | (685,961) |
| Proceeds from loans | 514,824 | 262,215 |
| Repayments of loans | (47,102) | (355,783) |
| Repayments of equipment loan payable | - | (15,989) |
| Net cash provided by financing activities | 1,467,722 | 6,092,573 |
| Net (decrease) increase in cash | (2,342,587) | 2,113,984 |
| Cash at beginning of period | 3,019,035 | 905,051 |
| Cash at end of period | $676,448 | $3,019,035 |
| Supplemental disclosures of non-cash financing activities: | ||
| Conversion of credit line to common stock issuances | $1,000,000 | $ |
| Issuance of common shares for service | $285,000 | $441,000 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the years for: | ||
| Interest | $129,000 | $8,500 |
| Income taxes | $800 | $1,600 |
| Lease liabilities and assets | $1,240,000 | $903,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.