Data / Crowdfunding / California / Malibu Compost Inc.
Malibu Compost Inc.: crowdfunding raise on Wefunder Portal LLC, $52,500 to $1,070,000 (2018)
Malibu Compost Inc., a corporation in Berkeley, CA, filed a Form C with the SEC on February 9, 2018 to raise $52,500 to $1,070,000 in preferred stock through Wefunder Portal LLC. The offering closed on February 12, 2018. In its most recent fiscal year it reported $1,207,460 in revenue and a net loss of $13,329, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.malibucompost.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1331 8th St. Suite E, Berkeley, CA 94710
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- September 11, 2017
- SEC CIK
- 0001717349
Offering terms
From the amendment filed February 9, 2018.
- Security
- Preferred Stock
- Price
- $7.50
- Target
- $52,500
- Maximum
- $1,070,000
- Deadline
- February 12, 2018
- Portal compensation
- 4.0% 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 May 1, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,207,460 | $1,468,956 | sec.gov |
| Cost of goods sold | $673,672 | $826,747 | sec.gov |
| Net income | $-13,329 | $40,259 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $445,447 | $319,860 | sec.gov |
| Cash | $33,759 | $16,394 | sec.gov |
| Accounts receivable | $47,229 | $94,287 | sec.gov |
| Short-term debt | $312,151 | $224,466 | sec.gov |
| Long-term debt | $69,836 | $93,133 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| February 9, 2018 | Amendment | $52,500 | $1,070,000 | February 12, 2018 | Changed deadline date, included video transcripts, and updated business plan. | sec.gov |
| October 17, 2017 | Offering | $52,500 | $1,000,000 | April 13, 2018 | sec.gov |
Updated May 1, 2018. 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.