Faraday Labs Inc

CIK: 1920988DEIncorporated: 2018-07-17

Current Offering

$25,000
Target Amount
$1,070,000
Maximum Amount
2023-03-20
Deadline

Security Details

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

Offering Costs

Cash commission: 5%
At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) 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 one and a half (1.5%) of the total number of the securities sold in the offering.

Financial Reports

Offering via Republic

Offering History

As of 2022-05-20
Raising $25,000 -$1,070,000 via 25,000+ shares of crowd SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2023-03-20
Filing date2022-05-20
Current employees5
Act received most recent fiscal year$253.00
Act received prior fiscal year$89.00
Cash equi most recent fiscal year$297,157
Cash equi prior fiscal year$193,245
Cost goods sold most recent fiscal year$1,417,168
Cost goods sold prior fiscal year$1,504,782
Long term debt most recent fiscal year$0.00
Long term debt prior fiscal year$0.00
Net income most recent fiscal year-$1,224,263.00
Net income prior fiscal year-$992,659.00
Revenue most recent fiscal year$2,908,972
Revenue prior fiscal year$2,869,831
Short term debt most recent fiscal year$654,462
Short term debt prior fiscal year$474,251
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$2,802
Total asset most recent fiscal year$747,166
Total asset prior fiscal year$560,132

Company Information

Corporation
DE
2018-07-17

Latest Metrics

Employees5
Total Assets$747,166
Cash on Hand$297,157
Revenues$2,908,972
Net Income-$1,224,263.00

Crowdfunding Portals

This company is raising funds through this portal