United States Securities and Exchange Commission · EDGAR Accession 0001669191-26-000120

Form C-AR

Annual Report — Regulation Crowdfunding
Issuer CIK 1719420
Period 2024-12-31

MAGFAST LLC

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

Financial Condition

two fiscal years, as filed
Revenue −38% YoYBurn decreasingDebt / assets 25%2 employees
Line itemMost recent FYPrior FYΔ
Revenue1,397,5462,260,213▼ 38%
Cost of goods sold783,4081,484,565▼ 47%
Net income(2,663,700)(4,141,120)▲ burn
Total assets2,262,3692,929,328▼ 23%
Cash & equivalents75,5361,271,585▼ 94%
Accounts receivable00
Short-term debt560,343662,680▼ 15%
Long-term debt00
Taxes paid00

Figures in USD as reported by the issuer.