Data / Crowdfunding / Arizona / Biodel AG Inc.
Biodel AG Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,500,000 (2022)
Biodel AG Inc., a corporation in Maricopa, AZ, filed a Form C with the SEC on August 30, 2022 to raise $50,000 to $1,500,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $372,565 in revenue and a net loss of $250,988, with 5 employees.
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- Website
- www.biodelag.com
- Funding portal
- Wefunder Portal LLC
- Address
- 38768 W. Farrell Road, Maricopa, AZ 85138
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 13, 2015
- SEC CIK
- 0001942307
Offering terms
From the amendment filed August 30, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,500,000
- Deadline
- April 30, 2023
- 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/A filed August 30, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $372,565 | $220,004 | sec.gov |
| Cost of goods sold | $162,633 | $100,885 | sec.gov |
| Net income | $-250,988 | $-348,058 | sec.gov |
| Taxes paid | $4,469 | $50 | sec.gov |
| Total assets | $1,797,782 | $1,424,850 | sec.gov |
| Cash | $67,592 | $4,998 | sec.gov |
| Accounts receivable | $49,581 | $4,600 | sec.gov |
| Short-term debt | $496,130 | $487,188 | sec.gov |
| Long-term debt | $197,655 | $5,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 30, 2022 | Amendment | $50,000 | $1,500,000 | April 30, 2023 | Removal of 2019/2020 Financial Statements. | sec.gov |
| August 25, 2022 | Offering | $50,000 | $1,500,000 | April 30, 2023 | sec.gov |
Updated August 30, 2022. 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.