Data / Crowdfunding / New York / Aavrani, Inc.
Aavrani, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2021)
Aavrani, Inc., a corporation in New York, NY, filed a Form C with the SEC on November 12, 2021 to raise $25,000 to $500,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 10, 2021. In its most recent fiscal year it reported $964,164 in revenue and a net loss of $293,176, with 6 employees.
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- Website
- aavrani.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 139 FULTON STREET, New York, NY 10038
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 12, 2017
- SEC CIK
- 0001789922
Offering terms
From the offering filed November 12, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- December 10, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed December 27, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $964,164 | $197,410 | sec.gov |
| Cost of goods sold | $162,828 | $36,661 | sec.gov |
| Net income | $-293,176 | $-652,186 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $616,271 | $281,578 | sec.gov |
| Cash | $288,910 | $207,387 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $86,696 | $26,147 | sec.gov |
| Long-term debt | $1,419,433 | $852,113 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 27, 2021 | Progress update | $25,000 | $500,000 | December 10, 2021 | The Offering closed successfully on December 11, 2021, having received investment commitments of $508,472 although a final accounting has not taken place. | sec.gov |
| November 12, 2021 | Offering | $25,000 | $500,000 | December 10, 2021 | sec.gov | |
| October 14, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 10, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 27, 2019 | Progress update | $25,000 | $1,070,000 | January 28, 2020 | The Offering closed successfully on 12/23/2019, having received investment commitments of $428,744, although a final accounting has not taken place. | sec.gov |
| November 14, 2019 | Amendment | $25,000 | $1,070,000 | January 28, 2020 | The offering is hereby materially amended to implement an amendment to the security instrument's terms with respect to certain subscribers. | sec.gov |
| October 2, 2019 | Amendment | $25,000 | $1,070,000 | January 28, 2020 | The Form C is hereby amended and restated to reflect the now included reviewed financial statements. | sec.gov |
| October 2, 2019 | Offering | $25,000 | $1,070,000 | January 28, 2020 | sec.gov |
Updated December 27, 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.