Data / Crowdfunding / California / FAFCO INC
FAFCO INC: crowdfunding raise on Wefunder Portal LLC, $150,000 to $1,000,000 (2017)
FAFCO INC, a corporation in Chico, CA, filed a Form C with the SEC on August 7, 2017 to raise $150,000 to $1,000,000 in common stock through Wefunder Portal LLC. The offering closed on September 30, 2017. In its most recent fiscal year it reported $5,528,500 in revenue and a net loss of $651,300, with 36 employees.
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- Website
- www.fafco.com
- Funding portal
- Wefunder Portal LLC
- Address
- 435 OTTERSON DRIVE, Chico, CA 95928
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 17, 1972
- SEC CIK
- 0000352956
Offering terms
From the amendment filed August 7, 2017.
- Security
- Common Stock
- Price
- $120.38
- Target
- $150,000
- Maximum
- $1,000,000
- Deadline
- September 30, 2017
- Portal compensation
- 4.0% 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 August 3, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,528,500 | $5,943,900 | sec.gov |
| Cost of goods sold | $4,221,600 | $4,773,500 | sec.gov |
| Net income | $-651,300 | $-573,800 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,468,400 | $9,090,000 | sec.gov |
| Cash | $352,900 | $734,500 | sec.gov |
| Accounts receivable | $268,800 | $450,000 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $6,292,100 | $6,350,900 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 3, 2018 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| August 3, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| October 3, 2017 | Progress update | $150,000 | $1,000,000 | August 17, 2017 | $247,313.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| August 7, 2017 | Amendment | $150,000 | $1,000,000 | September 30, 2017 | decreased headcount; changed campaign minimum to $150k | sec.gov |
| July 3, 2017 | Amendment | $200,000 | $1,000,000 | September 30, 2017 | Extended deadline date to September 30 | sec.gov |
| May 1, 2017 | Amendment | $200,000 | $1,000,000 | June 30, 2017 | Updated to include 2016 financials, and extended deadline date to June 30. | sec.gov |
| March 31, 2017 | Offering | $200,000 | $1,000,000 | April 30, 2017 | sec.gov |
Updated August 3, 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.