Data / Crowdfunding / California / FERMYON INC
FERMYON INC: crowdfunding raise on MicroVenture Marketplace Inc., $50,000 to $250,000 (2021)
FERMYON INC, a corporation in Modesto, CA, filed a Form C with the SEC on February 3, 2021 to raise $50,000 to $250,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on March 1, 2021. In its most recent fiscal year it reported $50,955 in revenue and a net loss of $160,440, with 10 employees.
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- Website
- www.shoppinpal.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 3220 CLEARVIEW CT CLEARVIEW CT, Modesto, CA 95355
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 14, 2011
- SEC CIK
- 0001826663
Offering terms
From the amendment filed February 3, 2021.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- March 1, 2021
- Portal compensation
- The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of five percent (5%) commission based on the amount of investments raised in the offering and paid upon disbursement of funds from escrow at the time of closing.
Financials
From the Form C-U filed March 9, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $50,955 | $68,237 | sec.gov |
| Cost of goods sold | $210 | $91 | sec.gov |
| Net income | $-160,440 | $-564,507 | sec.gov |
| Taxes paid | $450 | $0 | sec.gov |
| Total assets | $190,479 | $446,754 | sec.gov |
| Cash | $29,924 | $90,253 | sec.gov |
| Accounts receivable | $4,982 | $6,885 | sec.gov |
| Short-term debt | $49,768 | $241,458 | sec.gov |
| Long-term debt | $508,800 | $419,030 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 9, 2021 | Progress update | $50,000 | $250,000 | March 1, 2021 | $127,895.00 in investments. Payments still processing; final figure not yet determined. | sec.gov |
| February 3, 2021 | Amendment | $50,000 | $250,000 | March 1, 2021 | Adding a webinar transcript, updating the offering materials with current traction metrics and team bio information, updating the amounts for a recent funding round, and increasing the early bird perk investment threshold. | sec.gov |
| February 2, 2021 | Amendment | $50,000 | $250,000 | March 1, 2021 | Adding a webinar transcript, updating the offering materials with current traction metrics and team bio information, updating the amounts for a recent funding round, and increasing the early bird perk investment threshold. | sec.gov |
| October 1, 2020 | Offering | $50,000 | $250,000 | March 1, 2021 | sec.gov |
Updated March 9, 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.