Reborn Coffee, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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.
FY2024 · Filed Mar 31, 2025
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, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $158,215 | $164,301 |
| Accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively | 67,309 | 56,938 |
| Inventories, net | 169,615 | 185,061 |
| Prepaid expense and other current assets | 467,613 | 359,124 |
| Total current assets | 862,752 | 765,424 |
| Property and equipment, net | 4,080,004 | 3,494,050 |
| Operating lease right-of-use asset | 2,653,179 | 4,566,968 |
| Other assets | 193,188 | 425,712 |
| Total assets | $7,789,123 | $9,252,154 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $558,444 | $632,753 |
| Accrued expenses and current liabilities | 774,826 | 611,290 |
| Loans payable to financial institutions, current | 111,300 | 791,352 |
| Loans payable to others | 427,073 | 609,027 |
| Loans payable to shareholders | - | 100,000 |
| Loan payable, emergency injury disaster loan (EIDL), current | 30,060 | 30,060 |
| Loan payable, payroll protection program (PPP), current | 37,494 | 45,678 |
| Operating lease liabilities, current | 844,177 | 1,003,753 |
| Total current liabilities | 2,783,374 | 3,823,913 |
| Loans payable to financial institutions, net of current | - | 335,147 |
| Loan payable, emergency injury disaster loan (EIDL), net of current | 469,940 | 469,940 |
| Loan payable, payroll protection program (PPP), net of current | 26,307 | 51,595 |
| Operating lease liabilities, net of current | 1,906,760 | 3,725,153 |
| Total liabilities | 5,186,381 | 8,405,748 |
| Commitments and Contingencies | ||
| Stockholders’ equity | ||
| Common Stock, $0.0001 par value, 40,000,000 shares authorized; 4,274,508 and 1,866,174 shares issued and outstanding at December 31, 2024 and 2023, respectively | 428 | 187 |
| Common stock issuable, $0.0001 par value, 294,000 shares issuable at $5.00 per share | 1,470,000 | - |
| Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023, respectively | - | - |
| Additional paid-in capital | 22,674,095 | 17,603,143 |
| Accumulated deficit | (21,562,872) | (16,756,924) |
| Accumulated other comprehensive income (loss) | 21,091 | - |
| Total stockholders’ equity | 2,602,742 | 846,406 |
| Total liabilities and stockholders’ equity | $7,789,123 | $9,252,154 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.