Data / Crowdfunding / California / Mav Farm Inc.
Mav Farm Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
Mav Farm Inc., a corporation in West Hollywood, CA, filed a Form C with the SEC on April 20, 2023 to raise $50,000 to $1,235,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $146,001 in revenue and a net loss of $365,616, with 2 employees.
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- Website
- mav.farm
- Funding portal
- Wefunder Portal LLC
- Address
- 8605 Santa Monica Blvd 97559, West Hollywood, CA 90069
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 2, 2016
- SEC CIK
- 0001971154
Offering terms
From the amendment filed April 20, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- 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 April 20, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $146,001 | $0 | sec.gov |
| Cost of goods sold | $48,470 | $39,723 | sec.gov |
| Net income | $-365,616 | $-2,012,887 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $69,186 | $110,753 | sec.gov |
| Cash | $3,251 | $39,945 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $7,755,114 | $7,359,128 | sec.gov |
| Long-term debt | $0 | $142,627 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 20, 2023 | Amendment | $50,000 | $1,235,000 | April 29, 2024 | Adding 2022 financials and extending campaign. | sec.gov |
| April 7, 2023 | Offering | $50,000 | $1,235,000 | April 30, 2023 | sec.gov |
Updated April 20, 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.