Salem Cycle, Inc.

CIK: 1869590MAIncorporated: 2013-12-30

Current Offering

$25,000
Target Amount
$50,000
Maximum Amount
2021-09-03
Deadline

Security Details

Type: Debt
Price per share: $1.00
Shares offered: 0+

Offering Costs

Cash commission: 6%
MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Equity compensation: 0%
MainVest, Inc. owns no interest in the Company, directly or indirectly, and will not acquire an interest as part of the Offering, nor is there any arrangement for MainVest, Inc. to acquire an interest.

Financial Reports

Offering via MainVest, Inc.

Offering History

As of 2021-07-02
Raising $25,000 -$50,000 via 0+ shares of debt at $1.00 per share
Deadline: 2021-09-03
Filing date2021-07-02
Current employees6
Act received most recent fiscal year$800.00
Act received prior fiscal year$3,687
Cash equi most recent fiscal year$65,058
Cash equi prior fiscal year$11,514
Cost goods sold most recent fiscal year$662,665
Cost goods sold prior fiscal year$347,077
Long term debt most recent fiscal year$488,726
Long term debt prior fiscal year$0.00
Net income most recent fiscal year$20,914
Net income prior fiscal year-$27,892.00
Revenue most recent fiscal year$1,274,355
Revenue prior fiscal year$624,502
Short term debt most recent fiscal year$0.00
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$763,599
Total asset prior fiscal year$350,160

Company Information

Corporation
MA
2013-12-30

Latest Metrics

Employees6
Total Assets$763,599
Cash on Hand$65,058
Revenues$1,274,355
Net Income$20,914

Crowdfunding Portals

This company is raising funds through this portal