Data / Crowdfunding / Delaware / MySlabs, Inc.
MySlabs, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2024)
MySlabs, Inc., a corporation in Dover, DE, filed a Form C with the SEC on March 21, 2024 to raise $50,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 28, 2024. In its most recent fiscal year it reported $389,341 in revenue and a net loss of $229,752.
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- Website
- myslabs.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 838 WALKER ROAD, SUITE 21-2, Dover, DE 19904
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 15, 2023
- SEC CIK
- 0001994358
Offering terms
From the amendment filed March 21, 2024.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- March 28, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of seven percent (7%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $389,341 | $572,376 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-229,752 | $-133,154 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $96,138 | $159,705 | sec.gov |
| Cash | $64,289 | $133,455 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $30,000 | $0 | sec.gov |
| Long-term debt | $56,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 5, 2024 | Progress update | $50,000 | $1,235,000 | March 28, 2024 | The Offering closed successfully on 3/29/2024, having received investment commitments of $57,702, although a final accounting has not taken place. | sec.gov |
| March 21, 2024 | Amendment | $50,000 | $1,235,000 | March 28, 2024 | Correcting a clerical error in the Litigation and Outstanding Debt sections. | sec.gov |
| March 12, 2024 | Amendment | $50,000 | $1,235,000 | March 28, 2024 | (1) Update on beneficial owners of the Issuer (2) Disclosure of certain judicial proceedings as set forth in the Litigation section, (3) Inclusion of certain contingent liability under the Outstanding Debt section, and Update on cash on hand 02/29/24 | sec.gov |
| December 13, 2023 | Amendment | $50,000 | $1,235,000 | March 28, 2024 | fixing error that was made when originally filed. Net Income/(Loss) for the prior fiscal year-end (2021) was misrepresented as a loss, when it fact it was a gain in income. | sec.gov |
| November 29, 2023 | Offering | $50,000 | $1,235,000 | March 28, 2024 | sec.gov |
Also on SpecStream
Updated April 30, 2024. 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.