Data / Crowdfunding / Florida / Organic Living Inc.
Organic Living Inc.: crowdfunding raise on Mr. Crowd, $50,000 to $450,000 (2019)
Organic Living Inc., a corporation in Clearwater, FL, filed a Form C with the SEC on February 15, 2019 to raise $50,000 to $450,000 in preferred stock through Mr. Crowd. The offering closed on June 30, 2019. In its most recent fiscal year it reported $50,728 in revenue and a net loss of $8,125, with 1 employees.
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- Website
- OrganicLivingForAll.com
- Funding portal
- Mr. Crowd
- Address
- 1379 HIBISCUS STREET, Clearwater, FL 33755
- Legal form
- Corporation
- Jurisdiction
- FL
- Incorporated
- May 1, 2010
- SEC CIK
- 0001743775
Offering terms
From the amendment filed February 15, 2019.
- Security
- Preferred Stock
- Price
- $0.20
- Target
- $50,000
- Maximum
- $450,000
- Deadline
- June 30, 2019
- Portal compensation
- 1) The issuer shall pay the intermediary a fee equal to one percent (1%) of the gross amount raised. 2) The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of the issuer.
Financials
From the Form C/A filed February 15, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $50,728 | $39,327 | sec.gov |
| Cost of goods sold | $25,581 | $12,700 | sec.gov |
| Net income | $-8,125 | $-16,715 | sec.gov |
| Taxes paid | $1,438 | $938 | sec.gov |
| Total assets | $25,534 | $29,159 | sec.gov |
| Cash | $805 | $447 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $8,500 | $4,000 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 15, 2019 | Amendment | $50,000 | $450,000 | June 30, 2019 | 1) the per share price, target number of the securuties offered 2) maximum offering amount 3) the intended use of proceeds of this offering 4) the financial condition of the issuer and review of operation 5) how the securities being valued | sec.gov |
| December 31, 2018 | Amendment | $50,000 | $1,000,000 | June 30, 2019 | Extend the offering deadline. | sec.gov |
| August 2, 2018 | Amendment | $50,000 | $1,000,000 | December 31, 2018 | - Lower of target offering amount - Use of proceeds - Discussion and analysis of our financial condition | sec.gov |
| July 23, 2018 | Amendment | $150,000 | $1,000,000 | December 31, 2018 | Amendment of the use of proceeds. | sec.gov |
| July 19, 2018 | Amendment | $150,000 | $1,000,000 | December 31, 2018 | This amendment is to provide a more detailed breakdown and description of the use of proceeds. the use of proceed. | sec.gov |
| June 20, 2018 | Amendment | $150,000 | $1,000,000 | December 31, 2018 | The following amendments were made: 1) amount of compensation to be paid to the intermediary; 2) the risks to purchasers associated with corporate actions; 3) discussion and analysis of financial condition and results of operations. | sec.gov |
| June 18, 2018 | Offering | $150,000 | $1,000,000 | December 31, 2018 | sec.gov |
Updated February 15, 2019. 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.