Data / Crowdfunding / Florida / Microsalt Inc
Microsalt Inc: crowdfunding raise on MicroVenture Marketplace Inc., $25,000 to $750,000 (2022)
Microsalt Inc, a corporation in West Palm Beach, FL, filed a Form C with the SEC on January 3, 2022 to raise $25,000 to $750,000 in preferred stock through MicroVenture Marketplace Inc.. The offering closed on January 17, 2022. In its most recent fiscal year it reported $43,109 in revenue and a net loss of $526,471, with 5 employees.
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- Website
- www.microsaltinc.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 515 N FLAGER DRIVE, SUITE P-300 WEST PALM BEACH, FL. 33401, West Palm Beach, FL 33401
- Legal form
- Corporation
- Jurisdiction
- FL
- Incorporated
- September 10, 2020
- SEC CIK
- 0001833112
Offering terms
From the amendment filed January 3, 2022.
- Security
- Preferred Stock
- Price
- $1.00
- Target
- $25,000
- Maximum
- $750,000
- Deadline
- January 17, 2022
- Portal compensation
- The issuer will shall pay to the intermediary at the conclusion of the offering a fee consisting of 5% commission based on the amount of investments raised in the offering.
Financials
From the Form C-U filed January 21, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $43,109 | $2,557 | sec.gov |
| Cost of goods sold | $32,070 | $1,412 | sec.gov |
| Net income | $-526,471 | $-449,333 | sec.gov |
| Taxes paid | $0 | $239 | sec.gov |
| Total assets | $129,673 | $69,250 | sec.gov |
| Cash | $22,089 | $11,806 | sec.gov |
| Accounts receivable | $13,060 | $9,156 | sec.gov |
| Short-term debt | $49,304 | $1,031 | sec.gov |
| Long-term debt | $40,720 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 21, 2022 | Progress update | $25,000 | $750,000 | January 17, 2022 | $750,000 IN INVESTMENTS. PAYMENTS TILL PROCESSING; FINAL FIGURE NOT YET DETERMINED. | sec.gov |
| January 3, 2022 | Amendment | $25,000 | $750,000 | January 17, 2022 | Updating the Company's executive officers and board of directors with a new Chief Executive Officer and Director and to extend the Offering Deadline from January 3, 2022 to January 17, 2022 | sec.gov |
| September 27, 2021 | Amendment | $25,000 | $750,000 | January 3, 2022 | Filing amendment to update the Company's financials within the company summary and to extend the Offering Deadline from September 27, 2021 to January 3, 2022. | sec.gov |
| August 26, 2021 | Amendment | $25,000 | $750,000 | September 27, 2021 | Filing amendment to correct the ownership of percentage of voting equity securities if the Maximum Amount is raised in this Offering. | sec.gov |
| June 25, 2021 | Amendment | $25,000 | $750,000 | September 27, 2021 | Extending the offering deadline and provided updating financial metrics. | sec.gov |
| March 17, 2021 | Amendment | $25,000 | $750,000 | June 28, 2021 | Including a term sheet for early bird investors. | sec.gov |
| February 11, 2021 | Amendment | $25,000 | $750,000 | June 28, 2021 | Amendment filed to include a webinar transcript. | sec.gov |
| February 1, 2021 | Amendment | $25,000 | $750,000 | June 28, 2021 | Including reviewed financial statements for fiscal years 2019 & 2020 and increasing the offering minimum to $750,000 | sec.gov |
| December 23, 2020 | Offering | $25,000 | $250,000 | June 28, 2021 | sec.gov |
Updated January 21, 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.