Reborn Coffee Inc. 2025年季度报告

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ TABLE OF CONTENTS NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”)that are based on our management’s beliefs and assumptions and on information currently available to management, and whichstatements involve substantial risk and uncertainties. All statements contained in this Quarterly Report on Form 10-Q other thanstatements of historical fact, including statements regarding our future operating results and financial position, our business strategyand plans, market growth and trends, and objectives for future operations are forward-looking statements. Forward-looking statements These risks and uncertainties include, among other things, risks related to our expectations regarding the impact of the coronaviruspandemic (the “COVID-19 pandemic”), including the easing of related regulations and measures as the pandemic and its relatedeffects begin to abate or have abated, on our business, results of operations, financial condition, and future profitability and growth;our expectations regarding the impact of the evolving COVID-19 pandemic on the businesses of our customers, partners and suppliers,and the economy, as well as the macro- and micro-effects of the pandemic and differing levels of demand for our products as ourcustomers’ priorities, resources, financial conditions and economic outlook change; global macro-economic conditions, including theeffects of inflation, rising interest rates and market volatility on the global economy; our ability to estimate the size of our totaladdressable market, and the development of the market for our products, which is new and evolving; our ability to effectively sustainand manage our growth and future expenses, achieve and maintain future profitability, attract new customers and maintain and expandour existing customer base; our ability to scale and update our platform to respond to customers’ needs and rapid technological change;the effects of increased competition in our market and our ability to compete effectively; our ability to expand use cases withinexisting customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally;our ability to strengthen and foster our relationships with developers; our ability to expand our direct sales force, customer successteam and strategic partnerships around the world; the impact of any data breaches, cyberattacks or other malicious activity on our You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statementscontained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trendsthat we believe may affect our business, financial condition, results of operations, and prospects. The outcome of the events describedin these forward-looking statements is subject to risks, uncertainties, and other factors described in the section titled “Risk Factors” PART I—FINANCIAL INFORMATION Reborn Coffee, Inc. and SubsidiariesUnaudited Condensed Consolidated Balance Sheets ASSETS Current assets: Cash and cash equivalents$777,117$158,215Accounts receivable, net of allowance for doubtful accounts of $0and $0, respectively69,29167,309Inventories, net203,082169,615Prepaid expense and other current assets507,473467,613 Current liabilities: Total current liabilities Commitments and Contingencies Stockholders’ equity Common Stock, $0.0001par value,40,000,000shares authorized;4,274,508and4,274,508sharesissued and outstanding at March 31, 2025 and December 31, 2024, respectively428428Common stock issuable, $0.0001par value,294,000shares issuable at $5.00per share1,470,0001,470,000 Preferred Stock, $0.0001par value,1,000,000shares authorized;noshares issued and outstanding atMarch 31, 2025 and December 31, 2024, respectively--Additional paid-in capital22,674,09522,674,095 REBORN COFEE, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. NATURE OF OPERATIONS Reborn Coffee, Inc. (“Reborn”) was incorporated in the State of Florida in January 2018. In July 2022, Reborn was migratedfrom Florida to Delaware, and filed a certificate of incorporation with the Secretary of State of the State of Delaware having ●Reborn Global Holdings, Inc.(“Reborn Holdings”), a California Corporation incorporated in November 2014 andwholly-owned by Reborn Coffee, Inc. Reborn Holdings is engaged in the operation of wholesale distribution and retailcoff