Data / Crowdfunding / California / Moku Foods Inc.
Moku Foods Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Moku Foods Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on September 4, 2020 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 1, 2021. In its most recent fiscal year it reported $686,653 in revenue and $39,765 in net income, with 1 employees.
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- Website
- mokufoods.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 11121 QUEENSLAND ST UNIT D25, Los Angeles, CA 90034
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 2, 2019
- SEC CIK
- 0001783532
Offering terms
From the offering filed September 4, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- March 1, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the intermediary.
Financials
From the Form C-AR filed May 2, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $686,653 | $1,185,203 | sec.gov |
| Cost of goods sold | $577,954 | $590,599 | sec.gov |
| Net income | $39,765 | $-1,203,466 | sec.gov |
| Taxes paid | $-34,185 | $8,004 | sec.gov |
| Total assets | $1,161,519 | $2,570,659 | sec.gov |
| Cash | $435,965 | $2,137,945 | sec.gov |
| Accounts receivable | $42,330 | $5,289 | sec.gov |
| Short-term debt | $86,521 | $159,512 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 9, 2021 | Progress update | $25,000 | $1,070,000 | March 1, 2021 | The Offering closed successfully on March 2, 2021, having received investment commitments of $612,008 although a final accounting has not taken place. | sec.gov |
| September 4, 2020 | Offering | $25,000 | $1,070,000 | March 1, 2021 | sec.gov |
Updated May 2, 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.