Get notified when REBN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Material Weakness (unchanged) — Company continues to disclose material weaknesses in internal controls related to inadequate accounting resources and lack of segregation of duties.
- Asset Impairment (new) — Company recorded an $80,000 asset impairment loss in Q1 2026, likely related to closed retail locations.
Reborn Coffee pivots to logistics, revenue surges 208% as retail footprint shrinks 23%
Filed May 22, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 20, 2025 · ~2 min read
Key Changes
-
high
New freight forwarding service line (Reborn Logistics) generated $3.4M in Q1 2026, now 65% of total revenue versus zero prior year. Company acts as principal with 45-60 day payment terms, fundamentally shifting business model from coffee retail.
MD&A: Revenue Recognition verify on EDGAR → -
high
Closed three stores (Huntington Beach, Pasadena, Daejeon Korea), reducing footprint from 13 to 10 locations. Retail sales now 28% of revenue versus 99% prior year, with $80K asset impairment charge recorded.
MD&A: Store Operations verify on EDGAR → -
high
Raised $3.75M in April 2026 via convertible debentures (10% OID, 10% PIK interest) and signed $21M private placement at $2.00/share pending approvals. Also established $50M equity line of credit with Arena, unused as of filing.
MD&A: Liquidity verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (ADMT 10-K) is open in full — no account needed.
Partner
Trade REBN commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Source-verified from EDGAR · Narrative written by AI · May 24, 2026 · How we verify