Data / Crowdfunding / Michigan / Hobart Mayfield Inc.
Hobart Mayfield Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2020)
Hobart Mayfield Inc., a corporation in Shelby Township, MI, filed a Form C with the SEC on August 26, 2020 to raise $50,000 to $250,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 2, 2020. In its most recent fiscal year it reported $55,280 in revenue and a net loss of $127,058, with 1 employees.
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- Website
- mayfieldathletics.com
- Funding portal
- Wefunder Portal LLC
- Address
- 13134 West Star Drive, Shelby Township, MI 48315
- Legal form
- Corporation
- Jurisdiction
- MI
- Incorporated
- May 14, 2014
- SEC CIK
- 0001822072
Offering terms
From the offering filed August 26, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- December 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 filed August 26, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $55,280 | $0 | sec.gov |
| Cost of goods sold | $25,686 | $1,040 | sec.gov |
| Net income | $-127,058 | $-402,459 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $89,500 | $255,024 | sec.gov |
| Cash | $3,016 | $82,494 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $89,500 | $36,081 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 26, 2020 | Offering | $50,000 | $250,000 | December 2, 2020 | sec.gov |
Updated August 26, 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.