Data / Crowdfunding / California / Block Forms, Inc.
Block Forms, Inc.: crowdfunding raise on MicroVenture Marketplace Inc., $50,000 to $500,000 (2022)
Block Forms, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on August 2, 2022 to raise $50,000 to $500,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on August 15, 2022. In its most recent fiscal year it reported $12,000 in revenue and a net loss of $14,939, with 4 employees.
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- Website
- blockforms.co
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 1441 BUTLER AVE. #12, Los Angeles, CA 90025
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 17, 2018
- SEC CIK
- 0001914734
Offering terms
From the amendment filed August 2, 2022.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- August 15, 2022
- 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.
Financials
From the Form C-U filed August 17, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $12,000 | $0 | sec.gov |
| Cost of goods sold | $2,097 | $0 | sec.gov |
| Net income | $-14,939 | $-31,704 | sec.gov |
| Taxes paid | $559 | $1,302 | sec.gov |
| Total assets | $11,696 | $8,701 | sec.gov |
| Cash | $11,696 | $8,701 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 17, 2022 | Progress update | $50,000 | $500,000 | August 15, 2022 | $151,920.00 IN INVESTMENT COMMITMENTS. PAYMENTS TILL PROCESSING; FINAL FIGURE NOT YET DETERMINED. | sec.gov |
| August 2, 2022 | Amendment | $50,000 | $500,000 | August 15, 2022 | Including employment information for the officers and directors of the Company during past three years. | sec.gov |
| May 19, 2022 | Amendment | $50,000 | $500,000 | August 15, 2022 | Adding a webinar transcript, disclosing the issuances of founder loans to the company, disclosing the company's 2021 tax return information, and to include Q1 2022 financial information in the company summary. | sec.gov |
| March 11, 2022 | Offering | $50,000 | $500,000 | August 15, 2022 | sec.gov |
Updated August 17, 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.