New Growth Brands, Inc.

CIK: 1947789DEIncorporated: 2022-04-26

Current Offering

$200,000
Target Amount
$1,235,000
Maximum Amount
2023-04-30
Deadline

Security Details

Type: Convertible Note
Price per share: $1.00
Shares offered: 200,000+

Offering Costs

Cash commission: 8%
7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2022-10-28
Raising $200,000 -$1,235,000 via 200,000+ shares of convertible Note at $1.00 per share
Deadline: 2023-04-30
As of 2023-04-17
Raising $50,000 -$2,925,300 via 50,000+ shares of convertible Note at $1.00 per share
Deadline: 2024-04-30
As of 2023-04-27
Raising $50,000 -$1,235,000 via 50,000+ shares of convertible Note at $1.00 per share
Deadline: 2024-04-30
Filing date2022-10-282023-04-17
Current employees66
Act received most recent fiscal year$0.00$7,011
Act received prior fiscal year$0.00$0.00
Cash equi most recent fiscal year$0.00$1,583,473
Cash equi prior fiscal year$0.00$0.00
Cost goods sold most recent fiscal year$0.00$24,239
Cost goods sold prior fiscal year$0.00$0.00
Long term debt most recent fiscal year$0.00$1,550,000
Long term debt prior fiscal year$0.00$0.00
Net income most recent fiscal year-$397,710.00-$1,764,890.00
Net income prior fiscal year$0.00$0.00
Revenue most recent fiscal year$0.00$42,117
Revenue prior fiscal year$0.00$0.00
Short term debt most recent fiscal year$479,342$1,916,588
Short term debt prior fiscal year$0.00$0.00
Tax paid most recent fiscal year$0.00$0.00
Tax paid prior fiscal year$0.00$0.00
Total asset most recent fiscal year$82,019$1,702,096
Total asset prior fiscal year$0.00$0.00

Company Information

Corporation
DE
2022-04-26

Latest Metrics

Employees6
Total Assets$82,019
Cash on Hand$0.00
Revenues$0.00
Net Income-$397,710.00

Crowdfunding Portals

This company is raising funds through this portal