Data / Crowdfunding / New Jersey / Fabalish Inc.
Fabalish Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2021)
Fabalish Inc., a corporation in Wallington, NJ, filed a Form C with the SEC on August 11, 2021 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $947,910 in revenue and a net loss of $959,420, with 10 employees.
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- Website
- www.fabalish.com
- Funding portal
- Wefunder Portal LLC
- Address
- 186 MAPLE AVE, Wallington, NJ 07057
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 1, 2021
- SEC CIK
- 0001859519
Offering terms
From the offering filed August 11, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.0% 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-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $947,910 | $824,435 | sec.gov |
| Cost of goods sold | $524,458 | $442,266 | sec.gov |
| Net income | $-959,420 | $-876,611 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $959,045 | $857,231 | sec.gov |
| Cash | $9,647 | $11,882 | sec.gov |
| Accounts receivable | $28,284 | $72,754 | sec.gov |
| Short-term debt | $71,955 | $87,649 | sec.gov |
| Long-term debt | $2,815,872 | $1,738,691 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 11, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov |
Updated April 28, 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.