$REBN

Reborn Coffee, Inc.

CIK:0001707910|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net revenues:
Total net revenues	$ 6,321,843	$ 1,834,792	$ 11,533,290	$ 3,528,053
Operating costs and expenses:
Product, food and drink costs - stores, wholesale and online	438,139	420,389	955,675	1,344,753
Cost of service income - subcontractors - related party	4,630,322		7,221,630
General and administrative	2,387,560	2,459,102	4,824,255	4,275,397
Professional fees	441,863	697,587	687,867	1,347,546
Stock compensation expense		2,665,485	292,589	2,665,485
Total operating costs and expenses	7,897,884	6,242,563	13,982,016	9,633,181
Loss from operations	(1,576,041)	(4,407,771)	(2,448,726)	(6,105,128)
Other income (expense):
Other income (expense)	(7,950)	80,871	(95,549)	164,753
Interest expense	(43,085)	(669,555)	(64,768)	(850,710)
Amortization of debt discount	(455,511)		(854,113)
Gain on sale of property		75,000	14,777	75,000
Loss on debt extinguishment	(618,942)	(200,333)	(618,942)	(200,333)
Change in fair value of derivative liabilities	151,973	206,106	104,525	(189,701)
Asset impairment loss		(421,969)	(80,000)	(421,969)
Total other expense, net	(973,515)	(929,880)	(1,594,070)	(1,422,960)
Loss before income taxes	(2,549,556)	(5,337,651)	(4,042,796)	(7,528,088)
Provision for income taxes	160,016	2,401	160,016	3,108
Net loss	(2,709,572)	(5,340,052)	(4,202,812)	(7,531,196)
Net income attributable to non-controlling interest	(99,503)		234,826
Net loss attributable to Reborn Coffee shareholders	$ (2,610,069)	$ (5,340,052)	$ (4,437,638)	$ (7,531,196)
Per common share basic and diluted:
Net loss per common share attributable to Reborn Coffee shareholders, basic	$ (0.32)	$ (1.15)	$ (0.55)	$ (1.6)
Net loss per common share attributable to Reborn Coffee shareholders, diluted	$ (0.32)	$ (1.15)	$ (0.55)	$ (1.6)
Number of weighted average shares - basic	8,213,455	4,638,892	8,129,220	4,693,845
Number of weighted average shares - diluted	8,213,455	4,638,892	8,129,220	4,693,845
Stores
Net revenues:
Total net revenues	$ 1,580,560	$ 1,810,167	$ 3,050,586	$ 3,489,102
Wholesale and online
Net revenues:
Total net revenues	155,116	24,625	234,985	38,951
Service income - Related party
Net revenues:
Total net revenues	4,586,167		7,972,719
License income
Net revenues:
Total net revenues	$ 0		$ 275,000

Unaudited Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net Income (Loss)	$ (4,437,638)	$ (7,531,196)
Non-controlling interest net income	234,826
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock compensation expense	292,589	2,665,485
Settlement of debt		200,333
Interest expense - amortization of debt discount	854,113	740,741
Operating lease	(10,331)	(21,607)
Asset impairment loss	80,000	421,969
Gain on disposal of assets	(14,777)
Depreciation	209,492	144,341
Derivative expense	(104,525)	189,701
Gain or loss on debt extinguishment	618,942
Changes in operating assets and liabilities:
Accounts receivable	414,726	(800)
Inventories	(69,515)	(31,047)
Prepaid expense and other assets	13,638	(72,387)
Accounts payable	321,048	428,482
Accrued liabilities, net	(170,815)	(307,343)
Accounts payable from related party	90,000
Net cash used in operating activities	(1,678,227)	(3,173,328)
Cash flows from investing activities:
Acquisition of property and equipment	(114,983)	(85,499)
Long-term prepayment	0	275,000
Proceeds from sale of assets	49,594
Loan receivables from related party	(1,759,156)
Net cash provided by (used in) investing activities	(1,824,544)	189,501
Cash flows from financing activities:
Proceeds from issuance of common stock		100,000
Net proceeds from loan payable from others	395,191
Repayment of loan payable to others		(92,565)
Net borrowings from related loan payable	1,140,609
Repayment of convertible debt	(882,500)
Redemption premium on convertible debt	(176,500)
Net borrowings from loan to shareholder		2,750,000
Net borrowings from convertible debt	344,516
Borrowings from financial institutions	400,842	157,819
Repayments on loan payable to PPP	(4,225)	(11,776)
Net cash provided by financing activities	1,217,933	2,903,478
Net decrease in cash	(2,284,838)	(80,349)
Cash and cash equivalents at beginning of period	2,594,716	158,215
Cash and cash equivalents at end of period	309,878	77,866
Cash paid during the period for:
Interest	64,768	850,710
Income taxes
Supplemental disclosures of non-cash investing and financing activities:
Settlement of debt to common stock equity		320,000
Warrants issued in connection with convertible debt restructuring	$ 677,250

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 309,878	$ 2,594,716
Accounts receivable, net of allowance for doubtful accounts of $511,719 and $75,689, respectively	1,006,260	946,996
Accounts receivable from related party, net of allowance for doubtful accounts of $255,000 and $0, respectively	255,000	728,990
Inventories, net	127,950	58,435
Prepaid expense and other current assets	583,299	550,000
Total current assets	6,041,543	6,879,137
Property and equipment, net	2,685,567	2,894,893
Operating lease right-of-use asset	1,882,748	2,160,871
Other assets	199,252	246,189
Total assets	11,809,110	13,181,090
Current liabilities:
Accounts payable	882,505	561,457
Accrued expenses and current liabilities	644,430	815,245
Loan payable to shareholder	414,516	70,000
Loans payable to financial institutions, current	510,089	109,247
Loans payable to others	674,217	279,026
Loan payable to related party	1,294,214	153,605
Convertible debt, net of debt discount of $302,698 and $900,198, respectively	2,981,467	3,266,467
Derivative liability	1,097,915	503,384
Loan payable, economic injury disaster loan, current	18,227	22,452
Loan payable, payroll protection program, current	52,025	26,307
Operating lease liabilities, current	622,896	879,416
Total current liabilities	9,282,501	6,686,606
Loan payable, economic injury disaster loan, net of current	469,940	469,940
Loan payable, payroll protection program, net of current		25,718
Operating lease liabilities, net of current	1,321,027	1,352,961
Total liabilities	11,073,468	8,535,225
Commitments and Contingencies
Stockholders' equity
Common Stock, $0.0001 par value, 40,000,000 shares authorized; 8,213,455 and 7,850,601shares issued and outstanding, respectively	821	785
Common stock issuable, $0.0001 par value, 0 and 170,000 shares issuable, respectively		850,000
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	35,507,596	34,365,043
Accumulated deficit	(35,141,750)	(30,704,112)
Non-controlling interest in subsidiary	368,975	134,149
Total stockholders' equity	735,642	4,645,865
Total liabilities and stockholders' equity	11,809,110	13,181,090
Related Party
Current assets:
Loan receivable from related party	3,759,156	2,000,000
Long-term prepayment	1,000,000	1,000,000
Current liabilities:
Accounts payable - related party	$ 90,000