Data / Crowdfunding / California / ORGFARM INC
ORGFARM INC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2023)
ORGFARM INC, a corporation in Santa Clara, CA, filed a Form C with the SEC on November 17, 2023 to raise $50,000 to $124,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $1,467,000 in revenue and a net loss of $771,000, with 43 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- orgfarm.store
- Funding portal
- Wefunder Portal LLC
- Address
- 1883 Agnew Road Unit 425, Santa Clara, CA 95054
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 11, 2019
- SEC CIK
- 0001979109
Offering terms
From the offering filed November 17, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- April 29, 2024
- 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 filed November 17, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,467,000 | $1,339,000 | sec.gov |
| Cost of goods sold | $1,481,000 | $1,013,000 | sec.gov |
| Net income | $-771,000 | $-881,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,196,000 | $1,153,000 | sec.gov |
| Cash | $47,000 | $419,000 | sec.gov |
| Accounts receivable | $44,000 | $60,000 | sec.gov |
| Short-term debt | $467,000 | $139,000 | sec.gov |
| Long-term debt | $2,524,000 | $2,119,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 17, 2023 | Offering | $50,000 | $124,000 | April 29, 2024 | sec.gov |
Updated November 17, 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.