Data / Crowdfunding / California / PLM Brands, Corp
PLM Brands, Corp: crowdfunding raise on MicroVenture Marketplace, Inc., $50,000 to $250,000 (2021)
PLM Brands, Corp, a corporation in San Marcos, CA, filed a Form C with the SEC on January 28, 2021 to raise $50,000 to $250,000 in Crowd Note through MicroVenture Marketplace, Inc.. The offering closed on February 22, 2021. In its most recent fiscal year it reported $335,255 in revenue and a net loss of $18,274, with 2 employees.
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- Website
- www.fogandtree.com
- Funding portal
- MicroVenture Marketplace, Inc.
- Address
- 1633 AVERY ROAD #220, San Marcos, CA 92078
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 13, 2019
- SEC CIK
- 0001813064
Offering terms
From the amendment filed January 28, 2021.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- February 22, 2021
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary a fee consisting of five percent (5%) commission based on the amount of investments raised in the Offering and paid upon distribution of funds from escrow at the time of closing.
Financials
From the Form C-U filed February 24, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $335,255 | $576,365 | sec.gov |
| Cost of goods sold | $183,246 | $469,671 | sec.gov |
| Net income | $-18,274 | $9,907 | sec.gov |
| Taxes paid | $5,694 | $3,781 | sec.gov |
| Total assets | $72,361 | $69,856 | sec.gov |
| Cash | $33,982 | $6,408 | sec.gov |
| Accounts receivable | $6,042 | $25,249 | sec.gov |
| Short-term debt | $59,005 | $53,394 | sec.gov |
| Long-term debt | $0 | $30,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 24, 2021 | Progress update | $50,000 | $250,000 | February 22, 2021 | OFFERING MINIMUM WAS NOT MET; FUNDS BEING RETURNED TO INVESTORS. | sec.gov |
| January 28, 2021 | Amendment | $50,000 | $250,000 | February 22, 2021 | Adding a webinar transcript. | sec.gov |
| September 22, 2020 | Amendment | $50,000 | $250,000 | February 22, 2021 | To include the 2018 and 2019 financial statements for the Company and to extend the offering deadline to February 22, 2021. | sec.gov |
| July 16, 2020 | Amendment | $50,000 | $250,000 | October 5, 2020 | Adding pitch deck and video script. | sec.gov |
| July 7, 2020 | Offering | $50,000 | $250,000 | October 5, 2020 | sec.gov |
Updated February 24, 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.