Life Magnetics, Inc.

CIK: 1848586MIIncorporated: 2013-10-10

Current Offering

$200,022
Target Amount
$1,000,008
Maximum Amount
2022-04-30
Deadline

Security Details

Type: Preferred Stock
Price per share: $51.00
Shares offered: 3,922+

Offering Costs

Cash commission: 8%
7.5% 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 2021-03-08
Raising $200,022 -$1,000,008 via 3,922+ shares of preferred Stock at $51.00 per share
Deadline: 2022-04-30
Filing date2021-03-08
Current employees2
Act received most recent fiscal year$11,596
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$12,710
Cash equi prior fiscal year$8,606
Cost goods sold most recent fiscal year$32,833
Cost goods sold prior fiscal year$18,998
Long term debt most recent fiscal year$53,057
Long term debt prior fiscal year$3,839
Net income most recent fiscal year-$236,462.00
Net income prior fiscal year-$210,806.00
Revenue most recent fiscal year$14,235
Revenue prior fiscal year$19,236
Short term debt most recent fiscal year$138,694
Short term debt prior fiscal year$111,363
Tax paid most recent fiscal year$9,275
Tax paid prior fiscal year$6,639
Total asset most recent fiscal year$139,105
Total asset prior fiscal year$99,018

Company Information

Corporation
MI
2013-10-10

Latest Metrics

Employees2
Total Assets$139,105
Cash on Hand$12,710
Revenues$14,235
Net Income-$236,462.00

Crowdfunding Portals

This company is raising funds through this portal