Data / Crowdfunding / Functional Chocolate Co, LLC
Functional Chocolate Co, LLC: crowdfunding raise on MainVest, Inc., $150,000 to $350,000 (2023)
Functional Chocolate Co, LLC, a company, filed a Form C with the SEC on April 17, 2023 to raise $150,000 to $350,000 in debt through MainVest, Inc.. The offering closed on July 17, 2023. In its most recent fiscal year it reported $309,033 in revenue and a net loss of $704,607, with 4 employees.
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- Website
- www.funcho.co
- Funding portal
- MainVest, Inc.
- SEC CIK
- 0001968993
Offering terms
From the amendment filed April 17, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $150,000
- Maximum
- $350,000
- Deadline
- July 17, 2023
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C/A filed April 17, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $309,033 | $201,664 | sec.gov |
| Cost of goods sold | $115,350 | $65,093 | sec.gov |
| Net income | $-704,607 | $-748,400 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $159,913 | $106,348 | sec.gov |
| Cash | $37,706 | $41,539 | sec.gov |
| Accounts receivable | $24,258 | $17,738 | sec.gov |
| Short-term debt | $105,171 | $92,154 | sec.gov |
| Long-term debt | $117,946 | $200,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 25, 2023 | Withdrawal | Not listed | Not listed | sec.gov | ||
| April 17, 2023 | Amendment | $150,000 | $350,000 | July 17, 2023 | Issuer is amending the target investment amount and adjusting the use of funds accordingly. Issuer is also extending the deadline to make an investment. | sec.gov |
| April 5, 2023 | Offering | $250,000 | $350,000 | July 7, 2023 | sec.gov |
Updated July 25, 2023. 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.