Baobab Clothing Inc

CIK: 1827319DEIncorporated: 2016-11-18

Current Offering

$25,000
Target Amount
$1,070,000
Maximum Amount
2021-04-15
Deadline

Security Details

Type: Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
Price per share: $1.00
Shares offered: 25,000+

Offering Costs

Cash commission: 6%
The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Equity compensation: 2%
The Intermediary will also receive compensation in the form of Securities equal to two percent (2%) of the total number of Securities sold in the Offering.

Financial Reports

Offering via Republic

Offering History

As of 2020-10-13
Raising $25,000 -$1,070,000 via 25,000+ shares of crowd Safe Units of SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2021-04-15
Filing date2020-10-13
Current employees2
Act received most recent fiscal year$0.00
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$89,774
Cash equi prior fiscal year$4,687
Cost goods sold most recent fiscal year$81,370
Cost goods sold prior fiscal year$19,375
Long term debt most recent fiscal year$15,000
Long term debt prior fiscal year$15,000
Net income most recent fiscal year$29,398
Net income prior fiscal year-$15,651.00
Revenue most recent fiscal year$247,586
Revenue prior fiscal year$31,668
Short term debt most recent fiscal year$79,194
Short term debt prior fiscal year$4,772
Tax paid most recent fiscal year$11,985
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$108,507
Total asset prior fiscal year$4,687

Company Information

Corporation
DE
2016-11-18

Latest Metrics

Employees2
Total Assets$108,507
Cash on Hand$89,774
Revenues$247,586
Net Income$29,398

Crowdfunding Portals

This company is raising funds through this portal