Data / Crowdfunding / New Jersey / Biochar Life, PBC
Biochar Life, PBC: crowdfunding raise on Wefunder Portal LLC, $100,000 to $350,000 (2024)
Biochar Life, PBC, a company in Highland Park, NJ, filed a Form C with the SEC on May 7, 2024 to raise $100,000 to $350,000 in debt through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $468,795 in revenue and a net loss of $270,158, with 41 employees.
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- Website
- biochar.life
- Funding portal
- Wefunder Portal LLC
- Address
- 434 Cedar Avenue, Highland Park, NJ 08904
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- February 4, 2022
- SEC CIK
- 0002015773
Offering terms
From the amendment filed May 7, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $100,000
- Maximum
- $350,000
- Deadline
- April 30, 2025
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed March 17, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $468,795 | $810,285 | sec.gov |
| Cost of goods sold | $301,600 | $382,075 | sec.gov |
| Net income | $-270,158 | $-90,439 | sec.gov |
| Taxes paid | $0 | $16,344 | sec.gov |
| Total assets | $672,034 | $333,825 | sec.gov |
| Cash | $139,064 | $323,725 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $479,812 | $26,010 | sec.gov |
| Long-term debt | $570,673 | $446,156 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 17, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2024 | Amendment | $100,000 | $350,000 | April 30, 2025 | Changing the rev share terms from 1% of revenues to 2%. | sec.gov |
| March 18, 2024 | Offering | $100,000 | $350,000 | April 30, 2025 | sec.gov |
Updated March 17, 2025. 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.