Data / Crowdfunding / New York / Element Farms, Inc.
Element Farms, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2018)
Element Farms, Inc., a corporation in New York, NY, filed a Form C with the SEC on November 30, 2018 to raise $50,000 to $500,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 5, 2019. In its most recent fiscal year it reported $3,949 in revenue and a net loss of $63,350, with 4 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- purespinach.com
- Funding portal
- Wefunder Portal LLC
- Address
- 212 Warren St., New York, NY 10282
- Legal form
- Corporation
- Jurisdiction
- NY
- Incorporated
- February 2, 2017
- SEC CIK
- 0001759704
Offering terms
From the offering filed November 30, 2018.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- April 5, 2019
- Portal compensation
- 7.0% 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 filed November 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,949 | $0 | sec.gov |
| Cost of goods sold | $13,427 | $0 | sec.gov |
| Net income | $-63,350 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $120,375 | $0 | sec.gov |
| Cash | $57,014 | $0 | sec.gov |
| Accounts receivable | $2,500 | $0 | sec.gov |
| Short-term debt | $19,081 | $0 | sec.gov |
| Long-term debt | $66,642 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 30, 2018 | Offering | $50,000 | $500,000 | April 5, 2019 | sec.gov |
Updated November 30, 2018. 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.