Foreland Refining Corp

CIK: 2068524TXIncorporated: 1998-05-29

Current Offering

$10,000
Target Amount
$1,235,000
Maximum Amount
2025-09-30
Deadline

Security Details

Type: Series A 10% Redeemable Preferred Stock
Price per share: $100.00
Shares offered: 100+

Offering Costs

Cash commission: 5%
Intermediary will receive 4.9% of the funding amount raised from $0-$500k, 4.0% of the funds raised from $500k-$1M, and 3.5% of the funds raised from $1M+. Intermediary will also receive a $1,500 listing payment.
Equity compensation: 0%
N/A

Financial Reports

Offering via PicMii Crowdfunding LLC

Offering History

As of 2025-06-24
Raising $10,000 -$1,235,000 via 100+ shares of series A 10% Redeemable Preferred Stock at $100.00 per share
Deadline: 2025-09-30
Filing date2025-06-24
Current employees20
Act received most recent fiscal year$1,123,897
Act received prior fiscal year$3,517,469
Cash equi most recent fiscal year$8,377
Cash equi prior fiscal year$2,808
Cost goods sold most recent fiscal year$24,900,957
Cost goods sold prior fiscal year$48,551,025
Long term debt most recent fiscal year$8,258,345
Long term debt prior fiscal year$2,993,823
Net income most recent fiscal year-$6,908,688.00
Net income prior fiscal year-$515,811.00
Revenue most recent fiscal year$23,364,188
Revenue prior fiscal year$50,731,283
Short term debt most recent fiscal year$9,388,693
Short term debt prior fiscal year$11,383,474
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$14,750,555
Total asset prior fiscal year$18,389,502

Company Information

Corporation
TX
1998-05-29

Latest Metrics

Employees20
Total Assets$14,750,555
Cash on Hand$8,377
Revenues$23,364,188
Net Income-$6,908,688.00

Crowdfunding Portals

This company is raising funds through this portal