Data / Crowdfunding / Louisiana / Audubon Bioscience Co
Audubon Bioscience Co: crowdfunding raise on MicroVenture Marketplace Inc., $50,000 to $500,000 (2021)
Audubon Bioscience Co, a corporation in New Orleans, LA, filed a Form C with the SEC on August 25, 2021 to raise $50,000 to $500,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on October 11, 2021. In its most recent fiscal year it reported $4,219,178 in revenue and $218,425 in net income, with 5 employees.
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- Website
- www.audubonbio.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 1441 CANAL STREET, New Orleans, LA 70112
- Legal form
- Corporation
- Jurisdiction
- LA
- Incorporated
- June 1, 2016
- SEC CIK
- 0001843971
Offering terms
From the amendment filed August 25, 2021.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- October 11, 2021
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary a fee consisting of five percent (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 October 18, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,219,178 | $1,812,985 | sec.gov |
| Cost of goods sold | $2,708,664 | $1,205,007 | sec.gov |
| Net income | $218,425 | $51,569 | sec.gov |
| Taxes paid | $0 | $1,636 | sec.gov |
| Total assets | $789,001 | $721,576 | sec.gov |
| Cash | $174,908 | $15,892 | sec.gov |
| Accounts receivable | $594,076 | $399,564 | sec.gov |
| Short-term debt | $230,682 | $137,682 | sec.gov |
| Long-term debt | $0 | $46,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 18, 2021 | Progress update | $50,000 | $500,000 | October 11, 2021 | $359,184.00 in investments. Payments still processing; final figure not yet determined. | sec.gov |
| August 25, 2021 | Amendment | $50,000 | $500,000 | October 11, 2021 | Filing to increase the maximum offering amount, include a financial review, amend the use of proceeds, extend the offering deadline, and to modify the investment terms in light of the increased maximum. | sec.gov |
| August 9, 2021 | Amendment | $50,000 | $250,000 | September 13, 2021 | Extending the offering deadline. | sec.gov |
| April 8, 2021 | Amendment | $50,000 | $250,000 | August 9, 2021 | Filing amendment to include the webinar transcript, attached hereto as Exhibit G, to amend investment thresholds for certain valuation caps, and to clarify the intermediate close verbiage and disclosures. | sec.gov |
| March 2, 2021 | Offering | $50,000 | $250,000 | August 9, 2021 | sec.gov |
Updated October 18, 2021. 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.