TruBrain

TruBrain

Growth Stage

Brain Food for Your Unique Brain

Brain Food for Your Unique Brain

Overview

Raised this Round: Raised: $1,629,006

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/14/2022

Close Date

Not Provided

Min. Goal
$473
Max. Goal
$9,315,000
Min. Investment

$473

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$0.43

Pre-Money Valuation

$24,300,000

Year Founded

2012

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Santa Monica, California

Business Type

Growth

TruBrain, with a valuation of $24.3 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 achieved profitability in 2019 and has reported $17 million in lifetime sales. Chris Thompson founded TruBrain in 2012. The current crowdfunding campaign has a maximum target of $9,315,000. The campaign proceeds will be used for research and development, sales and marketing, capital expenses, and general and administrative expenses.

Balance Sheet

Cash and Cash Equivalents

$1,284,276

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,583,825

Accounts Payable & Accrued Liabilities

$74,037

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$113,859

Total Liabilities

$1,374,042

Total Stockholders' Equity

$209,783

Total Liabilities and Equity

$1,583,825

Statement of Comprehensive Income Information

Total Revenues

$2,139,169

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$959,151

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$73,257

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Fruci & Associates II, PLLC
Financials as of: 06/14/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
TruBrain 06/13/2023 StartEngine $24,300,000 $1,629,006 Equity - Common Funded RegA+
TruBrain 03/30/2022 StartEngine $18,500,000 $634,561 Equity - Common Funded RegA+
TruBrain 12/26/2019 StartEngine $19,000,000 $1,070,029 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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TruBrain on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,300,000
Price per Share: $0.43

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