Armbrust American

Neutral
BETA

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

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

10/20/2020

Close Date

01/28/2021

Min. Goal

$147,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status

Active

Reporting Date

01/20/2021

Days Remaining

6

% of Min. Goal

728%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$11,630

# of Investors

2,149

Momentum
Location

Pflugerville, Texas

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

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

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