Data / Crowdfunding / Arizona / Proof Bread LLC
Proof Bread LLC: crowdfunding raise on MainVest, Inc., $50,000 to $124,000 (2023)
Proof Bread LLC, a limited liability company in Mesa, AZ, filed a Form C with the SEC on May 17, 2023 to raise $50,000 to $124,000 in debt through MainVest, Inc.. The offering closed on July 21, 2023. In its most recent fiscal year it reported $1,057,584 in revenue and a net loss of $88,019, with 2 employees.
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- Website
- proofbread.com
- Funding portal
- MainVest, Inc.
- Address
- 3527 E ELLIS ST, Mesa, AZ 85213
- Legal form
- Limited Liability Company
- Jurisdiction
- AZ
- Incorporated
- July 1, 2017
- SEC CIK
- 0001855050
Offering terms
From the offering filed May 17, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- July 21, 2023
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed July 25, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,057,584 | $791,415 | sec.gov |
| Cost of goods sold | $309,409 | $189,062 | sec.gov |
| Net income | $-88,019 | $107,078 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $630,343 | $397,330 | sec.gov |
| Cash | $12,668 | $167,704 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $197,726 | $21,828 | sec.gov |
| Long-term debt | $431,053 | $311,367 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 25, 2023 | Progress update | $50,000 | $124,000 | July 21, 2023 | At the close of the offering, the issuer closed on $105,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 17, 2023 | Offering | $50,000 | $124,000 | July 21, 2023 | sec.gov | |
| August 2, 2021 | Progress update | $50,000 | $200,000 | August 4, 2021 | At the close of the offering, the issuer closed on $200,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 24, 2021 | Amendment | $50,000 | $200,000 | August 4, 2021 | Issuer is extending the deadline to invest. Issuer is increasing the maximum offering amount. Issuer is scaling the revenue share percentage and intended use of funds to correspond with new maximum. | sec.gov |
| April 2, 2021 | Offering | $50,000 | $150,000 | June 4, 2021 | sec.gov |
Updated July 25, 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.