Data / Crowdfunding / Texas / Mylance Co
Mylance Co: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2021)
Mylance Co, a corporation in Houston, TX, filed a Form C with the SEC on May 26, 2021 to raise $50,000 to $250,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $365,489 in revenue and a net loss of $180,803.
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- Website
- www.myllance.co
- Funding portal
- Wefunder Portal LLC
- Address
- 2401 FOUNTAIN VIEW DRIVE, SUITE 312 PMB 45, Houston, TX 77057
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 20, 2020
- SEC CIK
- 0001863969
Offering terms
From the offering filed May 26, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- April 30, 2022
- 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 April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $365,489 | $58,983 | sec.gov |
| Cost of goods sold | $106,027 | $13,492 | sec.gov |
| Net income | $-180,803 | $-194,388 | sec.gov |
| Taxes paid | $1,401 | $393 | sec.gov |
| Total assets | $360,072 | $243,922 | sec.gov |
| Cash | $361,462 | $235,535 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 26, 2021 | Offering | $50,000 | $250,000 | April 30, 2022 | sec.gov |
Also on SpecStream
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.