04/17/2026 | Press release | Distributed by Public on 04/17/2026 14:47
| FORM C |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
OMB APPROVAL |
|
|
OMB Number: ####-#### Estimated average burden hours per response: ##.# |
| Filer CIK: |
0001719420
|
| Filer CCC: |
XXXXXXXX
|
| Period: |
12-31-2024
|
| Is this a LIVE or TEST Filing? | LIVE TEST |
| Is this an electronic copy of an official filing submitted in paper format in connection with a hardship exemption? | |
| Would you like a Return Copy? |
| Name: |
|
| Phone Number: |
|
| Contact E-Mail Address: |
|
| Notify via Filing Website only? |
| Name of Issuer: |
MAGFAST LLC
|
| Form: |
Limited Liability Company
|
| Jurisdiction of Incorporation/Organization: |
DELAWARE
|
| Date of Incorporation/Organization: |
10-03-2017
|
| Address 1: |
1 GRANDVIEW AVE
|
| City: |
CORNWALL ON HUDSON
|
| State/Country: |
NEW YORK
|
| Mailing Zip/Postal Code: |
12520
|
| Website of Issuer: |
https://www.magfast.com/
|
| Current Number of Employees: |
2.00
|
| Total Assets Most Recent Fiscal Year-end: |
2262369.00
|
| Total Assets Prior Fiscal Year-end: |
2929328.00
|
| Cash and Cash Equivalents Most Recent Fiscal Year-end: |
75536.00
|
| Cash and Cash Equivalents Prior Fiscal Year-end: |
1271585.00
|
| 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: |
560343.00
|
| Short-term Debt Prior Fiscal Year-end: |
662680.00
|
| 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: |
1397546.00
|
| Revenue/Sales Prior Fiscal Year-end: |
2260213.00
|
| Cost of Goods Sold Most Recent Fiscal Year-end: |
783408.00
|
| Cost of Goods Sold Prior Fiscal Year-end: |
1484565.00
|
| Taxes Paid Most Recent Fiscal Year-end: |
0.00
|
| Taxes Paid Prior Fiscal Year-end: |
0.00
|
| Net Income Most Recent Fiscal Year-end: |
-2663700.00
|
| Net Income Prior Fiscal Year-end: |
-4141120.00
|
| Issuer: |
MAGFAST LLC
|
| Signature: |
/s/ Seymour Orpen Segnit
|
| Title: |
CEO
|
| Signature: |
/s/ Seymour Orpen Segnit
|
| Title: |
Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Board Member
|
| Date: |
04-17-2026
|
| Signature: |
/s/ Amy Rau Segnit
|
| Title: |
Board Member
|
| Date: |
04-17-2026
|