Data / Crowdfunding / New York / Mr Bing Foods Inc
Mr Bing Foods Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2022)
Mr Bing Foods Inc, a corporation in New York, NY, filed a Form C with the SEC on December 16, 2022 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 20, 2023. In its most recent fiscal year it reported $1,580,787 in revenue and a net loss of $1,544,692, with 4 employees.
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- Website
- mr-bing.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 200 EAST 69TH STREET 19D, New York, NY 10021
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 10, 2021
- SEC CIK
- 0001874810
Offering terms
From the offering filed December 16, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- February 20, 2023
- 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 September 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,580,787 | $206,718 | sec.gov |
| Cost of goods sold | $1,070,338 | $166,232 | sec.gov |
| Net income | $-1,544,692 | $-337,660 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,343,054 | $390,122 | sec.gov |
| Cash | $496,860 | $92,257 | sec.gov |
| Accounts receivable | $198,837 | $20,628 | sec.gov |
| Short-term debt | $287,591 | $103,322 | sec.gov |
| Long-term debt | $2,638,566 | $423,421 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 6, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| September 6, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 27, 2023 | Progress update | $25,000 | $1,235,000 | February 20, 2023 | The Offering closed successfully on 2/21/2023, having received investment commitments of $82,304, although a final accounting has not taken place. | sec.gov |
| December 16, 2022 | Offering | $25,000 | $1,235,000 | February 20, 2023 | sec.gov |
Updated September 6, 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.