Data / Crowdfunding / Utah / Modal Living, Inc.
Modal Living, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,994 to $4,014,513 (2022)
Modal Living, Inc., a corporation in Salt Lake City, UT, filed a Form C with the SEC on January 7, 2022 to raise $9,994 to $4,014,513 in common stock through StartEngine Capital, LLC. The offering closed on April 26, 2022. In its most recent fiscal year it reported $2,852,662 in revenue and a net loss of $3,416,246, with 9 employees.
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- Website
- livemodal.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 132 S. State St., Salt Lake City, UT 84111
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 23, 2019
- SEC CIK
- 0001862793
Offering terms
From the amendment filed January 7, 2022.
- Security
- Common Stock
- Price
- $8.35
- Target
- $9,994
- Maximum
- $4,014,513
- Deadline
- April 26, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,852,662 | $1,465,042 | sec.gov |
| Cost of goods sold | $3,787,202 | $2,019,701 | sec.gov |
| Net income | $-3,416,246 | $-2,859,850 | sec.gov |
| Taxes paid | $5,036 | $0 | sec.gov |
| Total assets | $170,241 | $665,100 | sec.gov |
| Cash | $120,375 | $341,791 | sec.gov |
| Accounts receivable | $14,728 | $15,780 | sec.gov |
| Short-term debt | $689,000 | $788,155 | sec.gov |
| Long-term debt | $4,110,453 | $2,523,441 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 7, 2022 | Amendment | $9,994 | $4,014,513 | April 26, 2022 | Issuer is adding an additional position for Director and Officer | sec.gov |
| October 26, 2021 | Offering | $9,994 | $4,014,513 | April 26, 2022 | sec.gov | |
| August 17, 2021 | Progress update | Not listed | Not listed | The issuer raised approximately $715,850.25 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov | |
| June 9, 2021 | Offering | $25,000 | $1,070,000 | August 28, 2021 | sec.gov |
Updated May 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.