Data / Crowdfunding / Texas / Advanced Apparel Technologies Inc.
Advanced Apparel Technologies Inc.: crowdfunding raise on MICROVENTURE MARKETPLACE INC., $25,000 to $1,000,000 (2022)
Advanced Apparel Technologies Inc., a corporation in Carrollton, TX, filed a Form C with the SEC on November 23, 2022 to raise $25,000 to $1,000,000 in CROWD NOTES through MICROVENTURE MARKETPLACE INC.. The offering closed on April 24, 2023. In its most recent fiscal year it reported $1,359,747 in revenue and $204,578 in net income, with 10 employees.
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- Website
- www.marwinsports.com
- Funding portal
- MICROVENTURE MARKETPLACE INC.
- Address
- 2150 CHENAULT DR, Carrollton, TX 75006
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 16, 2019
- SEC CIK
- 0001943115
Offering terms
From the offering filed November 23, 2022.
- Security
- CROWD NOTES
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,000,000
- Deadline
- April 24, 2023
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary a fee consisting of 5% commission based on the amount of investments raised in the Offering and paid upon distribution of funds from escrow at the time of closing.
Financials
From the Form C-U filed April 25, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,359,747 | $568,302 | sec.gov |
| Cost of goods sold | $543,697 | $418,888 | sec.gov |
| Net income | $204,578 | $-107,863 | sec.gov |
| Taxes paid | $800 | $0 | sec.gov |
| Total assets | $1,028,153 | $75,201 | sec.gov |
| Cash | $652,570 | $72,630 | sec.gov |
| Accounts receivable | $308,879 | $0 | sec.gov |
| Short-term debt | $84,405 | $13,425 | sec.gov |
| Long-term debt | $1,023,514 | $346,120 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 25, 2023 | Progress update | $25,000 | $1,000,000 | April 24, 2023 | OFFERING MINIMUM WAS NOT MET; FUNDS TO BE RETURNED TO INVESTORS. | sec.gov |
| November 23, 2022 | Offering | $25,000 | $1,000,000 | April 24, 2023 | sec.gov |
Updated April 25, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.