Armbrust American
Bringing Manufacturing back to America: Starting with Surgical & N95 Masks to Fight COVID
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/20/2020
Close Date
01/31/2021
Min. Goal
$147,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$10,388
# of Investors
2,375
Momentum
Funded
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Year Founded
2018
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Armbrust American, a mask factory, is raising crowdfunding on Wefunder. The factory manufactures FDA-registered surgical and N95 masks in its own custom-built factory located outside of Austin, Texas. The masks of Armbrust American are medical-grade and made of high-quality material. Lloyd Armbrust founded Armbrust American in 2018 and has raised over $4.7 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $147,000 and a maximum target of $1,070,000, will be used for purchasing an automated surgical mask assembly line, installation, American design upgrades, and air freight and tariffs. Armbrust American has 300 million pre-orders from government agencies, hospitals, restaurants, and individuals and is generating $7 million in revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-202 |
$-2,532 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$-12 |
$90 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$-12 |
$90 |
|
Short-Term Debt |
$2,581 |
$2,581 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,581 |
$2,581 |
Financials as of: 10/20/2020
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