Data / Crowdfunding / Massachusetts / CabinetM Inc.
CabinetM Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2021)
CabinetM Inc., a corporation in Framingham, MA, filed a Form C with the SEC on August 12, 2021 to raise $100,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $118,432 in revenue and a net loss of $240,781, with 6 employees.
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- Website
- www.cabinetm.com
- Funding portal
- Wefunder Portal LLC
- Address
- 115 OXBOW ROAD, Framingham, MA 01701
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 25, 2014
- SEC CIK
- 0001875078
Offering terms
From the amendment filed August 12, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% 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 June 5, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $118,432 | $155,749 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-240,781 | $-262,008 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $28,332 | $57,187 | sec.gov |
| Cash | $28,332 | $57,188 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $161,279 | $210,271 | sec.gov |
| Long-term debt | $2,557,519 | $2,371,499 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 5, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| June 5, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 12, 2021 | Amendment | $100,000 | $1,070,000 | April 30, 2022 | CA - adjusting past raises typo | sec.gov |
| July 30, 2021 | Offering | $100,000 | $1,070,000 | April 30, 2022 | sec.gov |
Updated June 5, 2023. 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.