Modern Picnic, Inc.

CIK: 1920756DEIncorporated: 2020-12-31

Current Offering

$25,000
Target Amount
$1,070,000
Maximum Amount
2022-10-18
Deadline

Security Details

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

Offering Costs

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

Financial Reports

Offering via Republic

Offering History

As of 2022-06-29
Raising $25,000 -$1,070,000 via 25,000+ shares of crowd SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2022-10-18
Filing date2022-06-29
Current employees2
Act received most recent fiscal year$5,800
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$95,229
Cash equi prior fiscal year$221,795
Cost goods sold most recent fiscal year$646,636
Cost goods sold prior fiscal year$142,415
Long term debt most recent fiscal year$900,000
Long term debt prior fiscal year$330,000
Net income most recent fiscal year-$744,982.00
Net income prior fiscal year-$89,966.00
Revenue most recent fiscal year$1,459,574
Revenue prior fiscal year$471,858
Short term debt most recent fiscal year$244,165
Short term debt prior fiscal year$62,339
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$363,549
Total asset prior fiscal year$355,905

Company Information

Corporation
DE
2020-12-31

Latest Metrics

Employees2
Total Assets$363,549
Cash on Hand$95,229
Revenues$1,459,574
Net Income-$744,982.00

Crowdfunding Portals

This company is raising funds through this portal