Data / Crowdfunding / Massachusetts / Phuc Labs, Inc.
Phuc Labs, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2022)
Phuc Labs, Inc., a corporation in Boston, MA, filed a Form C with the SEC on October 7, 2022 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 20, 2023. In its most recent fiscal year it reported $465,030 in revenue and a net loss of $709,807, with 7 employees.
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- Website
- www.phuclabs.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 30 SAINT MARGARET ST., Boston, MA 02125
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 20, 2020
- SEC CIK
- 0001930363
Offering terms
From the offering filed October 7, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- April 20, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $465,030 | $0 | sec.gov |
| Cost of goods sold | $142,292 | $0 | sec.gov |
| Net income | $-709,807 | $-536,972 | sec.gov |
| Taxes paid | $60,212 | $0 | sec.gov |
| Total assets | $104,639 | $366,074 | sec.gov |
| Cash | $46,573 | $44,832 | sec.gov |
| Accounts receivable | $0 | $314,000 | sec.gov |
| Short-term debt | $129,784 | $25,624 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 17, 2023 | Progress update | $25,000 | $1,235,000 | April 20, 2023 | The Offering closed successfully on 2/7/2023, having received investment commitments of $184,544, although a final accounting has not taken place. | sec.gov |
| October 7, 2022 | Offering | $25,000 | $1,235,000 | April 20, 2023 | sec.gov |
Updated April 27, 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.