Data / Crowdfunding / New York / 305 Fitness Inc
305 Fitness Inc: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2021)
305 Fitness Inc, a corporation in New York, NY, filed a Form C with the SEC on September 2, 2021 to raise $25,000 to $1,070,000 in debt through SI SECURITIES, LLC. The offering closed on November 20, 2021. In its most recent fiscal year it reported $2,819,860 in revenue and a net loss of $3,524,713, with 25 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.305fitness.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 18 WEST 8TH STREET, New York, NY 10011
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 7, 2012
- SEC CIK
- 0001881146
Offering terms
From the amendment filed September 2, 2021.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 20, 2021
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-U filed November 10, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,819,860 | $7,126,147 | sec.gov |
| Cost of goods sold | $584,376 | $1,999,927 | sec.gov |
| Net income | $-3,524,713 | $-970,210 | sec.gov |
| Taxes paid | $13,288 | $2,629 | sec.gov |
| Total assets | $3,759,267 | $6,701,602 | sec.gov |
| Cash | $2,574,724 | $5,880,746 | sec.gov |
| Accounts receivable | $682,763 | $458,619 | sec.gov |
| Short-term debt | $1,028,413 | $991,368 | sec.gov |
| Long-term debt | $1,083,609 | $72,628 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 10, 2021 | Progress update | $25,000 | $1,070,000 | November 20, 2021 | The issuer raised approximately $376,814.70 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| September 2, 2021 | Amendment | $25,000 | $1,070,000 | November 20, 2021 | The purpose of the Amendment is to remove an erroneous term on "Major Purchasers" which is not a concept offered or included in this offering. | sec.gov |
| September 2, 2021 | Offering | $25,000 | $1,070,000 | November 20, 2021 | sec.gov |
Updated November 10, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.