Magic Instruments, Inc.

CIK: 1681969DEIncorporated: 2012-11-08

Current Offering

$50,000
Target Amount
$1,000,000
Maximum Amount
2017-04-16
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 3%
3.0% of the offering amount upon a successful fundraise.
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2016-10-19
Raising $50,000 -$1,000,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2017-04-16
As of 2016-12-16
Raising $50,000 -$1,000,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2016-12-21
Filing date2016-10-19
Current employees6
Act received most recent fiscal year$0.00
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$1,002
Cash equi prior fiscal year$700.00
Cost goods sold most recent fiscal year$0.00
Cost goods sold prior fiscal year$0.00
Long term debt most recent fiscal year$0.00
Long term debt prior fiscal year$0.00
Net income most recent fiscal year-$45,992.00
Net income prior fiscal year-$8,965.00
Revenue most recent fiscal year$0.00
Revenue prior fiscal year$0.00
Short term debt most recent fiscal year$0.00
Short term debt prior fiscal year$8,965
Tax paid most recent fiscal year-$1,622.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$22,365
Total asset prior fiscal year$700.00

Company Information

Corporation
DE
2012-11-08

Latest Metrics

Employees6
Total Assets$22,365
Cash on Hand$1,002
Revenues$0.00
Net Income-$45,992.00

Crowdfunding Portals

This company is raising funds through this portal