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Our Life Foods CCrowdfunding $205K in Debt

Filed: 23 Dec 20, 8:59am

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12 Mar 21 C/A Crowdfunding $205K in Debt
23 Dec 20 C Crowdfunding $205K in Debt

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Form C: Filer Information

Filer CIK:

0001689683

Filer CCC:

XXXXXXXX

Is this a LIVE or TEST Filing?

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LIVE

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TEST

Is this an electronic copy of an official filing submitted in paper format in connection with a hardship exemption?

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Would you like a Return Copy?

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Submission Contact Information

Name:

Phone Number:

Contact E-Mail Address:

Notify via Filing Website only?

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Form C: Issuer Information

Issuer Information

Name of Issuer:

OUR LIFE FOODS, INC.

Legal Status of Issuer:

Form:

Corporation

Jurisdiction of Incorporation/Organization:

DELAWARE

Date of Incorporation/Organization:

08-19-2019

Physical Address of Issuer:

Address 1:

179 SE 46th Dr

City:

Gresham

State/Country:

OREGON

Mailing Zip/Postal Code:

97080

Website of Issuer:

http://www.ourlifefoods.com/

Intermediary through which the Offering will be Conducted:

CIK:

0001707214

Company Name:

SMBX, Inc.

Commission File Number:

007-00129

CRD Number:

290186

Form C: Offering Information

Offering Information

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:

SMBX will be charging a capital raise fee of 3.5% (up to $7,175 based on the total amount raised)

Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:

NA

Type of Security Offered:

Debt

Price:

10.00000

Price (or Method for Determining Price):

This is a debt security and the yield at which the bonds pay interest is determined by the market rate yield range for similar SBA loans in the market as of November 2020. The yield is fixed and determined upfront at 8%.

Target Offering Amount:

205000.00

Oversubscriptions Accepted:

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Yes

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No

Deadline to reach the Target Offering Amount:

03-15-2021

NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:

1.00

Total Assets Most Recent Fiscal Year-end:

345168.00

Total Assets Prior Fiscal Year-end:

39200.00

Cash and Cash Equivalents Most Recent Fiscal Year-end:

20275.00

Cash and Cash Equivalents Prior Fiscal Year-end:

3953.00

Accounts Receivable Most Recent Fiscal Year-end:

60422.00

Accounts Receivable Prior Fiscal Year-end:

24264.00

Short-term Debt Most Recent Fiscal Year-end:

347865.00

Short-term Debt Prior Fiscal Year-end:

192859.00

Long-term Debt Most Recent Fiscal Year-end:

452548.00

Long-term Debt Prior Fiscal Year-end:

117669.00

Revenue/Sales Most Recent Fiscal Year-end:

489576.00

Revenue/Sales Prior Fiscal Year-end:

382988.00

Cost of Goods Sold Most Recent Fiscal Year-end:

324625.00

Cost of Goods Sold Prior Fiscal Year-end:

211540.00

Taxes Paid Most Recent Fiscal Year-end:

0.00

Taxes Paid Prior Fiscal Year-end:

0.00

Net Income Most Recent Fiscal Year-end:

-145487.00

Net Income Prior Fiscal Year-end:

-154407.00

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

ALABAMA

Using the list below, select the jurisdictions in which the issuer intends to offer the securities:

ALASKA

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ARIZONA

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ARKANSAS

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CALIFORNIA

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COLORADO

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CONNECTICUT

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DELAWARE

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DISTRICT OF COLUMBIA

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FLORIDA

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GEORGIA

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HAWAII

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IDAHO

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ILLINOIS

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INDIANA

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IOWA

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KANSAS

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KENTUCKY

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LOUISIANA

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MAINE

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MARYLAND

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MASSACHUSETTS

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MICHIGAN

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MINNESOTA

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MISSISSIPPI

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MISSOURI

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MONTANA

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NEBRASKA

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NEVADA

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NEW HAMPSHIRE

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NEW JERSEY

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NEW MEXICO

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NEW YORK

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NORTH CAROLINA

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NORTH DAKOTA

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OHIO

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OKLAHOMA

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OREGON

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PENNSYLVANIA

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PUERTO RICO

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RHODE ISLAND

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SOUTH CAROLINA

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SOUTH DAKOTA

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TENNESSEE

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TEXAS

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UTAH

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VERMONT

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VIRGINIA

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WASHINGTON

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WEST VIRGINIA

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WISCONSIN

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WYOMING

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:

OUR LIFE FOODS, INC.

Signature:

Christopher Fontenot

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:

Christopher Fontenot

Title:

CEO

Date:

12-23-2020

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