Data / Crowdfunding / Texas / Applied Bioplastics Corp.
Applied Bioplastics Corp.: crowdfunding raise on Raise Green, Inc., $10,000 to $124,000 (2023)
Applied Bioplastics Corp., a corporation in Austin, TX, filed a Form C with the SEC on April 26, 2023 to raise $10,000 to $124,000 in Simple Agreement for Future Equity through Raise Green, Inc.. The offering closed on May 25, 2023. In its most recent fiscal year it reported $4,096 in revenue and a net loss of $977,363, with 20 employees.
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- Website
- www.appliedbioplastics.com
- Funding portal
- Raise Green, Inc.
- Address
- 1503 E 13TH ST UNIT A, Austin, TX 78702
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 13, 2019
- SEC CIK
- 0001956715
Offering terms
From the amendment filed April 26, 2023.
- Security
- Simple Agreement for Future Equity
- Price
- $1.00
- Target
- $10,000
- Maximum
- $124,000
- Deadline
- May 25, 2023
- Portal compensation
- 7% of the final funds raised
Financials
From the Form C-AR filed May 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,096 | $7,871 | sec.gov |
| Cost of goods sold | $1,627 | $7,819 | sec.gov |
| Net income | $-977,363 | $-702,411 | sec.gov |
| Taxes paid | $268 | $0 | sec.gov |
| Total assets | $436,303 | $417,842 | sec.gov |
| Cash | $51,603 | $103,717 | sec.gov |
| Accounts receivable | $142 | $7,871 | sec.gov |
| Short-term debt | $37,376 | $3,444 | sec.gov |
| Long-term debt | $231,942 | $214,420 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| June 29, 2023 | Progress update | $10,000 | $124,000 | May 25, 2023 | The issuer closed on $32,000 of SAFEs. The funding portal was granted $0 of securities as compensation. Raise Green was granted $2,000 in additional compensation for filing two Form C/A Material Changes. | sec.gov |
| June 1, 2023 | Progress update | $10,000 | $124,000 | May 25, 2023 | At the close of the offering, the issuer raised investment commitments of $54,200. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 26, 2023 | Amendment | $10,000 | $124,000 | May 25, 2023 | The company has extended the close date until May 25, 2023; lowered Target Offering Amount to $10,000, and decreased their maximum offering amount to $124,000. | sec.gov |
| February 17, 2023 | Amendment | $100,000 | $1,235,000 | April 26, 2023 | The company has extended the close date until April 26, 2023; lowered Target Offering Amount to $100,000, decreased minimum investment to $200 and investment increments to $200, and made additions to Indebtedness and Securities. | sec.gov |
| December 14, 2022 | Offering | $125,000 | $1,235,000 | April 13, 2023 | sec.gov |
Also on SpecStream
Updated May 1, 2024. 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.