Armbrust American

Bringing Manufacturing back to America: Starting with Surgical & N95 Masks to Fight COVID

Overview

Raised to Date: 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    Open SEC Filing

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

Location

Pflugerville, Texas

Business Type

Growth

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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Armbrust American on Wefunder
Platform: Wefunder
Security Type: Debt

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