Data / Crowdfunding / Michigan / Mully Group, Inc.
Mully Group, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,070,000 (2022)
Mully Group, Inc., a corporation in St. Clair Shores, MI, filed a Form C with the SEC on June 9, 2022 to raise $50,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on October 31, 2022. In its most recent fiscal year it reported $539,814 in revenue and a net loss of $99,057.
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- Website
- www.Mullybox.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 27951 HARPER AVENUE, St. Clair Shores, MI 48081
- Legal form
- Corporation
- Jurisdiction
- MI
- Incorporated
- May 3, 2018
- SEC CIK
- 0001922407
Offering terms
From the offering filed June 9, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- October 31, 2022
- 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 April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $539,814 | $1,153,746 | sec.gov |
| Cost of goods sold | $327,808 | $799,279 | sec.gov |
| Net income | $-99,057 | $-17,871 | sec.gov |
| Taxes paid | $3,999 | $0 | sec.gov |
| Total assets | $369,422 | $224,690 | sec.gov |
| Cash | $305,704 | $89,554 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $20,119 | $198,011 | sec.gov |
| Long-term debt | $448,360 | $21,718 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| November 3, 2022 | Progress update | $50,000 | $1,070,000 | October 31, 2022 | The Offering closed successfully on 11/1/2022, having received investment commitments of $85,253, although a final accounting has not taken place. | sec.gov |
| June 9, 2022 | Offering | $50,000 | $1,070,000 | October 31, 2022 | sec.gov |
Updated April 28, 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.