Pangea Organics Inc

CIK: 1967783DEIncorporated: 2016-07-13

Current Offering

$100,000
Target Amount
$1,235,000
Maximum Amount
2023-04-30
Deadline

Security Details

Type: Convertible Note
Price per share: $1.00
Shares offered: 100,000+

Offering Costs

Cash commission: 7%
<p>6.5% 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.</p>
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2023-03-15
Raising $100,000 -$1,235,000 via 100,000+ shares of convertible Note at $1.00 per share
Deadline: 2023-04-30
As of 2023-04-28
Raising $100,000 -$1,235,000 via 100,000+ shares of convertible Note at $1.00 per share
Deadline: 2024-04-29
As of 2023-05-11
Raising $50,000 -$320,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2024-04-29
Filing date2023-03-152023-04-282023-05-11
Current employees552
Act received most recent fiscal year$107,159$114,507$55,367
Act received prior fiscal year$417,608$107,159$77,832
Cash equi most recent fiscal year$435,727$64,669$7,079
Cash equi prior fiscal year$115,808$435,727$9,023
Cost goods sold most recent fiscal year$774,608$1,376,262$64,687
Cost goods sold prior fiscal year$973,234$774,608$0.00
Long term debt most recent fiscal year$3,341,635$2,822,564$0.00
Long term debt prior fiscal year$5,575,277$8,246,632$31.00
Net income most recent fiscal year-$1,519,230.00-$1,523,829.00-$225,178.00
Net income prior fiscal year-$1,047,499.00-$1,519,230.00-$61,310.00
Revenue most recent fiscal year$1,858,300$1,813,034$139,161
Revenue prior fiscal year$2,260,754$1,858,300$0.00
Short term debt most recent fiscal year$5,558,998$7,094,999$20,987
Short term debt prior fiscal year$813,344$654,001$156,433
Tax paid most recent fiscal year$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00
Total asset most recent fiscal year$2,592,218$2,085,319$142,978
Total asset prior fiscal year$1,676,467$2,592,218$95,154

Financial Reports

Offering via Wefunder

Offering History

As of 2023-03-15
Raising $100,000 -$1,235,000 via 100,000+ shares of convertible Note at $1.00 per share
Deadline: 2023-04-30
As of 2023-04-28
Raising $100,000 -$1,235,000 via 100,000+ shares of convertible Note at $1.00 per share
Deadline: 2024-04-29
As of 2023-05-11
Raising $50,000 -$320,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2024-04-29
Filing date2023-03-152023-04-282023-05-11
Current employees552
Act received most recent fiscal year$107,159$114,507$55,367
Act received prior fiscal year$417,608$107,159$77,832
Cash equi most recent fiscal year$435,727$64,669$7,079
Cash equi prior fiscal year$115,808$435,727$9,023
Cost goods sold most recent fiscal year$774,608$1,376,262$64,687
Cost goods sold prior fiscal year$973,234$774,608$0.00
Long term debt most recent fiscal year$3,341,635$2,822,564$0.00
Long term debt prior fiscal year$5,575,277$8,246,632$31.00
Net income most recent fiscal year-$1,519,230.00-$1,523,829.00-$225,178.00
Net income prior fiscal year-$1,047,499.00-$1,519,230.00-$61,310.00
Revenue most recent fiscal year$1,858,300$1,813,034$139,161
Revenue prior fiscal year$2,260,754$1,858,300$0.00
Short term debt most recent fiscal year$5,558,998$7,094,999$20,987
Short term debt prior fiscal year$813,344$654,001$156,433
Tax paid most recent fiscal year$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00
Total asset most recent fiscal year$2,592,218$2,085,319$142,978
Total asset prior fiscal year$1,676,467$2,592,218$95,154

Company Information

Corporation
DE
2016-07-13

Latest Metrics

Employees5
Total Assets$2,592,218
Cash on Hand$435,727
Revenues$1,858,300
Net Income-$1,519,230.00

Crowdfunding Portals

This company is raising funds through this portal