Data / Crowdfunding / Oregon / OUR LIFE FOODS, INC.
OUR LIFE FOODS, INC.: crowdfunding raise on SMBX, Inc., $205,000 (2021)
OUR LIFE FOODS, INC., a limited liability company in Gresham, OR, filed a Form C with the SEC on March 12, 2021 to raise $205,000 in debt through SMBX, Inc.. The offering closed on April 7, 2021. In its most recent fiscal year it reported $489,576 in revenue and a net loss of $145,487, with 1 employees.
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- Website
- www.ourlifefoods.com
- Funding portal
- SMBX, Inc.
- Address
- 179 SE 46TH DR, Gresham, OR 97080
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- August 19, 2019
- SEC CIK
- 0001689683
Offering terms
From the amendment filed March 12, 2021.
- Security
- Debt
- Price
- $10.00
- Target
- $205,000
- Deadline
- April 7, 2021
- Portal compensation
- SMBX will be charging a capital raise fee of 3.5% (up to $7,175 based on the total amount raised)
Financials
From the Form C/A filed March 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $489,576 | $382,988 | sec.gov |
| Cost of goods sold | $324,625 | $211,540 | sec.gov |
| Net income | $-145,487 | $-154,407 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $345,168 | $39,200 | sec.gov |
| Cash | $20,275 | $3,953 | sec.gov |
| Accounts receivable | $60,422 | $24,264 | sec.gov |
| Short-term debt | $347,865 | $192,859 | sec.gov |
| Long-term debt | $452,548 | $117,669 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 12, 2021 | Amendment | $205,000 | Not listed | April 7, 2021 | The deadline for the offering has been extended to April 7, 2021. In addition, the minimum raise amount has been decreased from $100,000 to $50,000 | sec.gov |
| December 23, 2020 | Offering | $205,000 | Not listed | March 15, 2021 | sec.gov | |
| May 22, 2020 | Progress update | $25,000 | $107,000 | May 18, 2020 | $41,251 in investments. Payments still being processed; final figure not yet determined. | sec.gov |
| May 8, 2020 | Amendment | $25,000 | $107,000 | May 18, 2020 | Adding webinar transcript as an exhibit. | sec.gov |
| March 18, 2020 | Offering | $25,000 | $107,000 | May 18, 2020 | sec.gov |
Updated March 12, 2021. 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.