Element Farms, Inc.

CIK: 1759704NYIncorporated: 2017-02-02

Current Offering

$50,000
Target Amount
$500,000
Maximum Amount
2019-04-05
Deadline

Security Details

Type: Convertible Note
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 7%
7.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2018-11-30
Raising $50,000 -$500,000 via 50,000+ shares of convertible Note at $1.00 per share
Deadline: 2019-04-05
Filing date2018-11-30
Current employees4
Act received most recent fiscal year$2,500
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$57,015
Cash equi prior fiscal year$0.00
Cost goods sold most recent fiscal year$13,427
Cost goods sold prior fiscal year$0.00
Long term debt most recent fiscal year$66,643
Long term debt prior fiscal year$0.00
Net income most recent fiscal year-$63,350.07
Net income prior fiscal year$0.00
Revenue most recent fiscal year$3,949
Revenue prior fiscal year$0.00
Short term debt most recent fiscal year$19,081
Short term debt prior fiscal year$0.00
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$120,376
Total asset prior fiscal year$0.00

Company Information

Corporation
NY
2017-02-02

Latest Metrics

Employees4
Total Assets$120,376
Cash on Hand$57,015
Revenues$3,949
Net Income-$63,350.07

Crowdfunding Portals

This company is raising funds through this portal