TruBrain

Growth Stage

Brain Food for Your Unique Brain

Analytics

Raised to Date: Raised: $634,561

Aggregate Commitments $

Platform

StartEngine

Start Date

03/31/2021

Close Date

03/31/2022

Min. Goal

$473

Max. Goal

$9,315,000

Min. Investment

$473

Security Type

Equity - Common

Funding Type

RegA+

Series

Series A

Price Per Share

$0.36

Pre-Money Valuation

$18,500,000

Rolling Commitments $

Status
Funded
Reporting Date

04/04/2022

Days Remaining
Funded
% of Min. Goal

134,157%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$1,739

# of Investors

489

Momentum
Funded
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Location

Santa Monica, California

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

TruBrain, with a valuation of $18.5 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company provides cognitive nutrition in the form of brain food containing CBD. The products of TruBrain are made with high-quality ingredients using their unique formulas and help improve the brain’s abilities and overcome mental blocks. TruBrain was found by Chris Thompson and has raised around $2.7 million in previous rounds of funding. The current crowdfunding round has no minimum target of and a maximum target of $3,950,000, and the proceeds will be used towards marketing, R&D, production, intellectual property, and working capital. TruBrain achieved profitability in 2019 and has reported $14 million in lifetime sales.


Balance Sheet

Cash and Cash Equivalents

$783,147

Investment Securities

$0

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$0

Total Assets

$1,142,520

Accounts Payable & Accrued Liabilities

$181,759

Long Term Debt

$0

Total Liabilities

$1,384,341

Total Stockholders' Equity

$-241,821

Total Liabilities and Equity

$1,142,520

Statement of Comprehensive Income Information

Total Revenues

$1,942,633

Costs & Expenses Applicable to Rev

$886,539

Depreciation and Amortization

$0

Net Income

$17,811

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: dbbmckennon
Financials as of: 03/31/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
TruBrain 06/15/2023 StartEngine $24,300,000 $1,058,623 Equity - Common Active RegA+
TruBrain 03/31/2022 StartEngine $18,500,000 $634,561 Equity - Common Funded RegA+
TruBrain 12/27/2019 StartEngine $19,000,000 $1,070,029 Equity - Common Funded RegCF
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TruBrain on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,500,000
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