Data / Crowdfunding / New Jersey / Folk Revival, LLC
Folk Revival, LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $750,000 (2023)
Folk Revival, LLC, a limited liability company in Tenafly, NJ, filed a Form C with the SEC on December 5, 2023 to raise $50,000 to $750,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $255,633 in revenue and a net loss of $245,484, with 1 employees.
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- Website
- folkrevival.com
- Funding portal
- Wefunder Portal LLC
- Address
- 400 Tenafly Rd #803, Tenafly, NJ 07670
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- November 17, 2021
- SEC CIK
- 0001992951
Offering terms
From the amendment filed December 5, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $750,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% 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 March 31, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $255,633 | $60,065 | sec.gov |
| Cost of goods sold | $131,744 | $11,726 | sec.gov |
| Net income | $-245,484 | $-220,412 | sec.gov |
| Taxes paid | $1,468 | $1,517 | sec.gov |
| Total assets | $153,469 | $134,056 | sec.gov |
| Cash | $64,445 | $62,909 | sec.gov |
| Accounts receivable | $5,981 | $20,333 | sec.gov |
| Short-term debt | $28,917 | $24,297 | sec.gov |
| Long-term debt | $255,682 | $24,297 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 31, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| December 5, 2023 | Amendment | $50,000 | $750,000 | April 29, 2024 | Adding VIP terms | sec.gov |
| October 12, 2023 | Offering | $50,000 | $750,000 | April 29, 2024 | sec.gov |
Also on SpecStream
Updated March 31, 2025. 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.