Data / Crowdfunding / California / Farm From a Box, Inc.
Farm From a Box, Inc.: crowdfunding raise on OpenDeal Inc., $25,000 to $535,000 (2017)
Farm From a Box, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on December 21, 2017 to raise $25,000 to $535,000 in Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on March 16, 2018. In its most recent fiscal year it reported $60,000 in revenue and a net loss of $244,735, with 2 employees.
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- Website
- www.farmfromabox.com
- Funding portal
- OpenDeal Inc.
- Address
- 101 THE EMBARCADERO #214, San Francisco, CA 94105
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 6, 2012
- SEC CIK
- 0001679373
Offering terms
From the offering filed December 21, 2017.
- Security
- Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $535,000
- Deadline
- March 16, 2018
- Portal compensation
- 5.0% of the amount raised
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $60,000 | $92,609 | sec.gov |
| Cost of goods sold | $26,515 | $40,984 | sec.gov |
| Net income | $-244,735 | $-62,066 | sec.gov |
| Taxes paid | $800 | $0 | sec.gov |
| Total assets | $23,316 | $5,457 | sec.gov |
| Cash | $21,980 | $4,633 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $354,193 | $247,806 | sec.gov |
| Long-term debt | $126,000 | $76,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 27, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 5, 2018 | Progress update | $25,000 | $535,000 | March 16, 2018 | The Issuer raised approximately $149,600 during the offering period. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| December 21, 2017 | Offering | $25,000 | $535,000 | March 16, 2018 | sec.gov | |
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| December 19, 2016 | Progress update | Not listed | Not listed | The issuer has raised a total of $137,946 during the offering period. | sec.gov | |
| October 25, 2016 | Amendment | $100,000 | $999,999 | December 16, 2016 | Extend offering deadline, reduce minimum offering amount, and update use of proceeds. | sec.gov |
| August 31, 2016 | Amendment | $250,000 | $999,999 | November 3, 2016 | Change offering deadline. | sec.gov |
| August 26, 2016 | Amendment | $250,000 | $999,999 | September 19, 2016 | Add supplemental information. | sec.gov |
| July 21, 2016 | Amendment | $250,000 | $999,999 | September 19, 2016 | This amendment reduces the target offering amount, modifies the use of proceeds, changes the terms of the securities offered, adds information regarding the company's business, and other changes more fully described in the Form C. | sec.gov |
| July 18, 2016 | Offering | $465,000 | $999,999 | September 19, 2016 | sec.gov |
Updated May 27, 2020. 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.