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Magfast

Filed: 30 Apr 21, 4:49pm
schemaVersion:

Form C: Filer Information

Filer CIK:
0001719420
Filer CCC:
XXXXXXXX
Period:

12-31-2020

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Submission Contact Information

Name:
Phone Number:
Contact E-Mail Address:
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Form C: Issuer Information

Issuer Information

Name of Issuer:

MAGFAST LLC

Legal Status of Issuer:

Form:

Limited Liability Company

Jurisdiction of Incorporation/Organization:

DELAWARE

Date of Incorporation/Organization:

10-03-2017

Physical Address of Issuer:

Address 1:

1 GRANDVIEW AVE

City:

CORNWALL ON HUDSON

State/Country:

NEW YORK

Mailing Zip/Postal Code:

12520

Website of Issuer:

MAGFAST.com

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:

2.00

Total Assets Most Recent Fiscal Year-end:

2960115.00

Total Assets Prior Fiscal Year-end:

1462165.00

Cash and Cash Equivalents Most Recent Fiscal Year-end:

1650283.00

Cash and Cash Equivalents Prior Fiscal Year-end:

1185735.00

Accounts Receivable Most Recent Fiscal Year-end:

0.00

Accounts Receivable Prior Fiscal Year-end:

0.00

Short-term Debt Most Recent Fiscal Year-end:

10069879.00

Short-term Debt Prior Fiscal Year-end:

127084.00

Long-term Debt Most Recent Fiscal Year-end:

0.00

Long-term Debt Prior Fiscal Year-end:

0.00

Revenue/Sales Most Recent Fiscal Year-end:

0.00

Revenue/Sales Prior Fiscal Year-end:

0.00

Cost of Goods Sold Most Recent Fiscal Year-end:

0.00

Cost of Goods Sold Prior Fiscal Year-end:

0.00

Taxes Paid Most Recent Fiscal Year-end:

0.00

Taxes Paid Prior Fiscal Year-end:

0.00

Net Income Most Recent Fiscal Year-end:

-4581463.00

Net Income Prior Fiscal Year-end:

-2406931.00

Form C: Signature

Signature

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.

Issuer:

MAGFAST LLC

Signature:

Seymour Segnit

Title:

CEO

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:

Seymour Segnit

Title:

CEO

Date:

04-29-2021