Data / Crowdfunding / California / Karma Baker, Inc.
Karma Baker, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,000,000 (2022)
Karma Baker, Inc., a corporation in Westlake Village, CA, filed a Form C with the SEC on June 23, 2022 to raise $10,000 to $1,000,000 in common stock through StartEngine Capital, LLC. The offering closed on July 29, 2022. In its most recent fiscal year it reported $1,293,998 in revenue and a net loss of $192,319, with 12 employees.
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- Website
- www.karmabaker.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1145 LINDERO CANYON RD., Westlake Village, CA 91362
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 1, 2014
- SEC CIK
- 0001905318
Offering terms
From the amendment filed June 23, 2022.
- Security
- Common Stock
- Price
- $5.00
- Target
- $10,000
- Maximum
- $1,000,000
- Deadline
- July 29, 2022
- Portal compensation
- 9 percent
Financials
From the Form C-U filed August 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,293,998 | $900,886 | sec.gov |
| Cost of goods sold | $896,138 | $729,468 | sec.gov |
| Net income | $-192,319 | $-116,799 | sec.gov |
| Taxes paid | $0 | $800 | sec.gov |
| Total assets | $324,113 | $166,450 | sec.gov |
| Cash | $220,500 | $32,878 | sec.gov |
| Accounts receivable | $40,141 | $61,258 | sec.gov |
| Short-term debt | $119,901 | $80,875 | sec.gov |
| Long-term debt | $587,092 | $257,307 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 2, 2022 | Progress update | $10,000 | $1,000,000 | July 29, 2022 | At the close of the offering, the issuer closed on $70,721.57 and 13,769 number of securities. | sec.gov |
| June 23, 2022 | Amendment | $10,000 | $1,000,000 | July 29, 2022 | Issuer is extending campaign end date. | sec.gov |
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2022 | Amendment | $10,000 | $1,000,000 | June 29, 2022 | Issuer is extending campaign end date and updating financial information | sec.gov |
| March 16, 2022 | Offering | $10,000 | $1,000,000 | April 30, 2022 | sec.gov |
Updated August 2, 2022. 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.