Data / Crowdfunding / Oregon / Vital Leaf Inc
Vital Leaf Inc: crowdfunding raise on MicroVenture Marketplace Inc., $25,000 to $250,000 (2021)
Vital Leaf Inc, a corporation in Portland, OR, filed a Form C with the SEC on January 28, 2021 to raise $25,000 to $250,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on April 12, 2021. In its most recent fiscal year it reported $1,090,030 in revenue and a net loss of $820,127, with 5 employees.
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- Website
- Vitalleaf.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 4207 SE WOODSTOCK BLVD #247 SUITE 507, Portland, OR 97206
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 22, 2016
- SEC CIK
- 0001687278
Offering terms
From the amendment filed January 28, 2021.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $250,000
- Deadline
- April 12, 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 April 16, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,090,030 | $549,830 | sec.gov |
| Cost of goods sold | $649,317 | $376,214 | sec.gov |
| Net income | $-820,127 | $167,401 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $813,205 | $1,092,940 | sec.gov |
| Cash | $60,371 | $412,690 | sec.gov |
| Accounts receivable | $71,496 | $194,344 | sec.gov |
| Short-term debt | $48,417 | $43,052 | sec.gov |
| Long-term debt | $2,013,912 | $1,479,904 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 16, 2021 | Progress update | $25,000 | $250,000 | April 12, 2021 | $69,500 in investments. Payments still processing; final figure not yet determined. | sec.gov |
| January 28, 2021 | Amendment | $25,000 | $250,000 | April 12, 2021 | Extend the offering deadline to April 12, 2021 and include a webinar transcript. | sec.gov |
| October 27, 2020 | Amendment | $25,000 | $250,000 | February 1, 2021 | Correcting the "Aggregate Maximum Offering Amount" on Page 5. | sec.gov |
| October 27, 2020 | Amendment | $25,000 | $250,000 | February 1, 2021 | Including the 2018 and 2019 financial statements for the Company and adding a video transcript. | sec.gov |
| August 31, 2020 | Offering | $25,000 | $250,000 | February 1, 2021 | sec.gov |
Updated April 16, 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.