Data / Crowdfunding / California / PhorMed Inc
PhorMed Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $5,000,000 (2025)
PhorMed Inc, a corporation in Century City, CA, filed a Form C with the SEC on April 24, 2025 to raise $50,000 to $5,000,000 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2026. In its most recent fiscal year it reported $0 in revenue and a net loss of $2,325,909, with 2 employees.
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- Website
- phormed.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1999 Avenue Of The Stars Suite 1100, Century City, CA 90067
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- May 15, 2019
- SEC CIK
- 0001796036
Offering terms
From the amendment filed April 24, 2025.
- Security
- Common Stock
- Price
- $1.00
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2026
- Portal compensation
- <p>7.9% 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.</p>
Financials
From the Form C-AR filed April 29, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-2,325,909 | $-1,014,821 | sec.gov |
| Taxes paid | $800 | $2,495 | sec.gov |
| Total assets | $222,295 | $209,142 | sec.gov |
| Cash | $18 | $3,695 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $4,031,651 | $2,095,149 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| April 24, 2025 | Amendment | $50,000 | $5,000,000 | April 30, 2026 | Adding 2024 financials and extending campaign. | sec.gov |
| April 26, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 24, 2024 | Amendment | $50,000 | $5,000,000 | April 30, 2025 | Adding 2023 financials and extending campaign. | sec.gov |
| December 15, 2023 | Amendment | $50,000 | $5,000,000 | April 29, 2024 | Switching to a different intermediary. | sec.gov |
| October 27, 2023 | Offering | $10,000 | $5,000,000 | January 31, 2024 | sec.gov | |
| October 20, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 29, 2022 | Progress update | $10,000 | $5,000,000 | March 25, 2022 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $2,515,254.98 and 2,634,094 number of securities. | sec.gov |
| August 24, 2022 | Progress update | $10,000 | $2,150,494 | August 17, 2022 | At the close of the offering, the issuer closed on $169,970.73 and 216,062 number of securities. | sec.gov |
| May 19, 2022 | Offering | $10,000 | $2,150,494 | August 17, 2022 | sec.gov | |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 29, 2022 | Progress update | $10,000 | $5,000,000 | March 25, 2022 | At the close of the offering, the issuer closed on $2,321,660.35 and 2,431,000 number of securities. | sec.gov |
| January 24, 2022 | Amendment | $10,000 | $5,000,000 | March 25, 2022 | Issuer is extending the length of their campaign by 60 days | sec.gov |
| October 25, 2021 | Amendment | $10,000 | $5,000,000 | January 25, 2022 | Issuer is extending the length of their campaign by 90 days | sec.gov |
| July 26, 2021 | Amendment | $10,000 | $5,000,000 | October 27, 2021 | Issuer is extending the length of their campaign by 90 days | sec.gov |
| June 17, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 14, 2021 | Amendment | $10,000 | $5,000,000 | July 29, 2021 | Issuer adjusted its campaign page. | sec.gov |
| May 7, 2021 | Amendment | $10,000 | $1,070,000 | July 29, 2021 | Issuer provided audited financials and increased their maximum funding goal. | sec.gov |
| April 30, 2021 | Amendment | $10,000 | $1,070,000 | July 29, 2021 | Issuer updated the Directors and Officers, provided updated financials, and extended the duration of their campaign. | sec.gov |
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 6, 2021 | Amendment | $10,000 | $1,070,000 | April 30, 2021 | Issuer is extending the length of their campaign. | sec.gov |
| November 6, 2020 | Amendment | $10,000 | $1,070,000 | January 8, 2021 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| September 4, 2020 | Amendment | $10,000 | $1,070,000 | November 9, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 6, 2020 | Amendment | $10,000 | $1,070,000 | September 8, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| May 8, 2020 | Amendment | $10,000 | $1,070,000 | July 10, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| May 5, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 10, 2020 | Amendment | $10,000 | $1,070,000 | May 11, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| January 7, 2020 | Amendment | $10,000 | $1,070,000 | March 12, 2020 | Increased max funding goal and updated financials with independent CPA review. | sec.gov |
| December 6, 2019 | Offering | $10,000 | $107,000 | March 12, 2020 | sec.gov |
Updated April 29, 2026. 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.