Data / Crowdfunding / California / Element Apothec, Inc.
Element Apothec, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2021)
Element Apothec, Inc., a company in Woodland Hills, CA, filed a Form C with the SEC on April 22, 2021 to raise $50,000 to $500,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $1,573 in revenue and a net loss of $81,558, with 2 employees.
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- Website
- www.elementapothec.com
- Funding portal
- Wefunder Portal LLC
- Address
- 22543 Ventura Blvd Suite 220 PMB1019, Woodland Hills, CA 91364
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- February 20, 2020
- SEC CIK
- 0001811147
Offering terms
From the amendment filed April 22, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- April 30, 2022
- 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 April 22, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,573 | $0 | sec.gov |
| Cost of goods sold | $4,961 | $0 | sec.gov |
| Net income | $-81,558 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $77,705 | $0 | sec.gov |
| Cash | $10,519 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $6,454 | $0 | sec.gov |
| Long-term debt | $144,209 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2021 | Amendment | $50,000 | $500,000 | April 30, 2022 | Adding 2020 CPA-reviewed GAAP financials and extending offering. | sec.gov |
| January 27, 2021 | Amendment | $50,000 | $500,000 | April 30, 2021 | Adding lead investor. | sec.gov |
| May 21, 2020 | Offering | $50,000 | $500,000 | September 10, 2020 | sec.gov |
Updated April 22, 2021. 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.