United States Securities and Exchange Commission · EDGAR Accession 0001669191-26-000119

Form C-AR

Annual Report — Regulation Crowdfunding
Issuer CIK 1719420
Period 2023-12-31

MAGFAST LLC

Limited Liability CompanyDEIncorporated 2017CORNWALL ON HUDSON, NYmagfast.com
B

Financial Condition

two fiscal years, as filed
Revenue +148% YoYBurn increasingDebt / assets 18%2 employees
Line itemMost recent FYPrior FYΔ
Revenue2,639,3141,063,544▲ 148%
Cost of goods sold1,677,253716,521▲ 134%
Net income(3,634,653)(3,305,927)▼ burn
Total assets3,598,9534,571,573▼ 21%
Cash & equivalents1,271,5851,102,966▲ 15%
Accounts receivable00
Short-term debt662,123233,174▲ 184%
Long-term debt00
Taxes paid00

Figures in USD as reported by the issuer.