Young Mountain Tea Inc.
View this filing on EDGAR (filing index, accession 0001670254-24-001123) | All Form C filings by this company on EDGAR
Filing details
| Company | Young Mountain Tea Inc. | (Form C, issuer information) |
|---|---|---|
| State | MI | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2024-11-21 | (EDGAR filing index) |
| Date of incorporation | 2022-01-07 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $3 | (Form C, offering information) |
| Target amount | $50,002 | (Form C, offering information) |
| Maximum ask | $374,999 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 7.5% 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. | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $261,404 | $450,638 | (Form C, financial summary) |
| Cost of goods sold | $181,635 | $279,590 | (Form C, financial summary) |
| Net income | $49,691 | -$63,325 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $159,686 | $213,290 | (Form C, financial summary) |
| Accounts receivable | $27,289 | $62,564 | (Form C, financial summary) |
| Total assets | $721,204 | $436,029 | (Form C, financial summary) |
| Short-term debt | $604,283 | $138,497 | (Form C, financial summary) |
| Long-term debt | $197,219 | $427,710 | (Form C, financial summary) |
Mechanical checks that fired
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://youngmountaintea.com/
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