Data / Crowdfunding / California / Folly Mojave LLC
Folly Mojave LLC: crowdfunding raise on Wefunder Portal LLC, $300,000 to $1,070,000 (2020)
Folly Mojave LLC, a limited liability company in Los Angeles, CA, filed a Form C with the SEC on September 9, 2020 to raise $300,000 to $1,070,000 in debt through Wefunder Portal LLC. The offering closed on October 2, 2020. In its most recent fiscal year it reported $153 in revenue and a net loss of $7,841.
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- Website
- follycollection.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1050 Flower st #401, Los Angeles, CA 90015
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- October 8, 2019
- SEC CIK
- 0001812152
Offering terms
From the amendment filed September 9, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $300,000
- Maximum
- $1,070,000
- Deadline
- October 2, 2020
- 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/A filed September 9, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $153 | $52 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-7,841 | $41 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $79,679 | $500,041 | sec.gov |
| Cash | $43,940 | $500,041 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $48,000 | $498,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 9, 2020 | Amendment | $300,000 | $1,070,000 | October 2, 2020 | Updating terms of revenue share. | sec.gov |
| July 13, 2020 | Offering | $300,000 | $1,070,000 | October 2, 2020 | sec.gov |
Updated September 9, 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.