Data / Crowdfunding / California / Buff Bake, Inc.
Buff Bake, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Buff Bake, Inc., a corporation in Santa Ana, CA, filed a Form C with the SEC on January 15, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFEs (Simple Agreements for Future Equity) through OpenDeal Portal LLC. The offering closed on March 22, 2020. In its most recent fiscal year it reported $2,536,240 in revenue and a net loss of $1,163,500, with 6 employees.
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- Website
- www.buffbake.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 811 S. GRAND AVE, Santa Ana, CA 92705
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 10, 2018
- SEC CIK
- 0001724320
Offering terms
From the amendment filed January 15, 2020.
- Security
- Crowd Safe Units of SAFEs (Simple Agreements for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- March 22, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-U filed March 31, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,536,240 | $3,199,620 | sec.gov |
| Cost of goods sold | $1,830,564 | $2,399,636 | sec.gov |
| Net income | $-1,163,500 | $-728,317 | sec.gov |
| Taxes paid | $40,532 | $48,316 | sec.gov |
| Total assets | $553,528 | $1,044,944 | sec.gov |
| Cash | $50,166 | $625,723 | sec.gov |
| Accounts receivable | $426,654 | $203,238 | sec.gov |
| Short-term debt | $462,041 | $119,311 | sec.gov |
| Long-term debt | $784,274 | $500,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 31, 2020 | Progress update | $25,000 | $1,070,000 | March 22, 2020 | The Offering closed successfully on March 23,2020, having received investment commitments of $78,340, although a final accounting has not taken place. | sec.gov |
| January 15, 2020 | Amendment | $25,000 | $1,070,000 | March 22, 2020 | Updating Executive Officers of the Company | sec.gov |
| November 26, 2019 | Offering | $25,000 | $1,070,000 | March 24, 2020 | sec.gov |
Updated March 31, 2020. 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.