Data / Crowdfunding / New York / Mod Tech Labs Inc.
Mod Tech Labs Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $999,998 (2021)
Mod Tech Labs Inc., a corporation in Buffalo, NY, filed a Form C with the SEC on July 30, 2021 to raise $50,000 to $999,998 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $5,741 in revenue and a net loss of $741,234, with 2 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.modtechlabs.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1 SENECA ST FL24 FL24, Buffalo, NY 14203
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 22, 2020
- SEC CIK
- 0001829335
Offering terms
From the offering filed July 30, 2021.
- Security
- Preferred Stock
- Price
- $1.27
- Target
- $50,000
- Maximum
- $999,998
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% 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-AR filed April 25, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,741 | $68,518 | sec.gov |
| Cost of goods sold | $173,363 | $42,053 | sec.gov |
| Net income | $-741,234 | $-62,642 | sec.gov |
| Taxes paid | $0 | $-930 | sec.gov |
| Total assets | $140,190 | $27,170 | sec.gov |
| Cash | $131,856 | $6,289 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $3,602 | $1,980 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 25, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 25, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| June 22, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 30, 2021 | Offering | $50,000 | $999,998 | April 30, 2022 | sec.gov |
Updated April 25, 2024. 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.