Data / Crowdfunding / Nevada / ModVans Inc.
ModVans Inc.: crowdfunding raise on Wefunder Portal LLC, $50,025 to $4,799,996 (2022)
ModVans Inc., a corporation in Sparks, NV, filed a Form C with the SEC on July 1, 2022 to raise $50,025 to $4,799,996 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $1,174,087 in revenue and $256,695 in net income, with 13 employees.
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- Website
- www.modvans.com
- Funding portal
- Wefunder Portal LLC
- Address
- 665 SPICE ISLANDS DRIVE SUITE 102, Sparks, NV 89431
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 15, 2012
- SEC CIK
- 0001759058
Offering terms
From the offering filed July 1, 2022.
- Security
- Common Stock
- Price
- $31.00
- Target
- $50,025
- Maximum
- $4,799,996
- Deadline
- April 30, 2023
- 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-AR filed May 21, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,174,087 | $6,052,122 | sec.gov |
| Cost of goods sold | $566,529 | $4,458,949 | sec.gov |
| Net income | $256,695 | $-1,133,518 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,180,147 | $1,228,144 | sec.gov |
| Cash | $18,968 | $9,760 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,745,447 | $2,561,020 | sec.gov |
| Long-term debt | $486,902 | $203,890 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 21, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| May 6, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 1, 2022 | Offering | $50,025 | $4,799,996 | April 30, 2023 | sec.gov | |
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 23, 2021 | Amendment | $50,004 | $400,000 | April 30, 2022 | Adding 2020 audited financials and extending offering. | sec.gov |
| January 15, 2021 | Amendment | $50,004 | $400,000 | April 30, 2021 | Adding audited financials. | sec.gov |
| January 15, 2021 | Amendment | $50,004 | $400,000 | April 30, 2021 | Adding audited financials. | sec.gov |
| November 13, 2020 | Offering | $50,004 | $400,000 | February 11, 2021 | sec.gov | |
| July 1, 2020 | Progress update | $9,996 | $1,069,994 | June 30, 2020 | At the close of the offering, the issuer closed on 1,070,000 and 179,965 number of securities. | sec.gov |
| June 4, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2020 | Amendment | $9,996 | $1,069,994 | June 30, 2020 | Extending campaign and updating financials | sec.gov |
| March 6, 2020 | Amendment | $9,996 | $1,069,994 | April 29, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| January 6, 2020 | Amendment | $9,996 | $1,069,994 | March 9, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| November 4, 2019 | Amendment | $9,996 | $1,069,994 | January 7, 2020 | Updating page and extending | sec.gov |
| November 4, 2019 | Withdrawal | Not listed | Not listed | sec.gov | ||
| November 4, 2019 | Offering | $9,996 | $1,069,994 | January 7, 2020 | sec.gov | |
| August 30, 2019 | Amendment | $9,996 | $1,069,994 | November 4, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 1, 2019 | Amendment | $9,996 | $1,069,994 | September 3, 2019 | Issuer is extending the end date of their campaign. | sec.gov |
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2019 | Amendment | $9,996 | $1,069,994 | July 2, 2019 | Issuer is extending their campaign and updating their financials. | sec.gov |
| April 15, 2019 | Amendment | $9,996 | $1,069,994 | April 30, 2019 | Issuer is extending the length of their campaign by 15 days. | sec.gov |
| February 11, 2019 | Amendment | $9,996 | $1,069,994 | April 16, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| January 7, 2019 | Amendment | $9,996 | $1,069,994 | February 15, 2019 | Updated the offering document to remove unnecessary language about a previous offering | sec.gov |
| November 16, 2018 | Offering | $9,996 | $1,069,994 | February 15, 2019 | sec.gov |
Updated May 21, 2025. 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.