Data / Crowdfunding / Massachusetts / Procurement Foundry, Inc.
Procurement Foundry, Inc.: crowdfunding raise on MicroVenture Marketplace, Inc., $25,000 to $500,000 (2020)
Procurement Foundry, Inc., a corporation in Fairhaven, MA, filed a Form C with the SEC on September 9, 2020 to raise $25,000 to $500,000 in Crowd Note through MicroVenture Marketplace, Inc.. The offering closed on September 21, 2020. In its most recent fiscal year it reported $1,095,813 in revenue and a net loss of $7,620, with 2 employees.
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- Website
- procurementfoundry.com
- Funding portal
- MicroVenture Marketplace, Inc.
- Address
- 47 Boston Hill Rd, Fairhaven, MA 02719
- Legal form
- Corporation
- Jurisdiction
- MA
- Incorporated
- February 7, 2020
- SEC CIK
- 0001815481
Offering terms
From the amendment filed September 9, 2020.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- September 21, 2020
- Portal compensation
- The issuer shall pay to the intermediary a fee consisting of five percent (5%) commission based on the amount raised in the Offering and paid upon disbursement of funds from escrow after the conclusion of the Offering.
Financials
From the Form C-AR filed April 23, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,095,813 | $1,540,501 | sec.gov |
| Cost of goods sold | $175,084 | $1,712,414 | sec.gov |
| Net income | $-7,620 | $-219,641 | sec.gov |
| Taxes paid | $4,172 | $152,731 | sec.gov |
| Total assets | $433,939 | $325,101 | sec.gov |
| Cash | $82,918 | $235,306 | sec.gov |
| Accounts receivable | $201,940 | $64,190 | sec.gov |
| Short-term debt | $371,195 | $0 | sec.gov |
| Long-term debt | $9,100 | $500,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 23, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 23, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| March 8, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 29, 2020 | Progress update | $25,000 | $500,000 | September 21, 2020 | $123,657 in investments. Payments still processing; final figure not yet determined. | sec.gov |
| September 9, 2020 | Amendment | $25,000 | $500,000 | September 21, 2020 | Adding webinar transcript. | sec.gov |
| July 20, 2020 | Offering | $25,000 | $500,000 | September 21, 2020 | sec.gov |
Updated April 23, 2024. 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.