Data / Crowdfunding / California / Airbitz, Inc.
Airbitz, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,000,000 (2016)
Airbitz, Inc., a corporation in San Diego, CA, filed a Form C with the SEC on December 5, 2016 to raise $100,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 10, 2016. In its most recent fiscal year it reported $0 in revenue and a net loss of $536,633, with 6 employees.
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- Website
- airbitz.co
- Funding portal
- Wefunder Portal LLC
- Address
- 311 4th Ave Ste. 413, San Diego, CA 1
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 1, 2013
- SEC CIK
- 0001687491
Offering terms
From the amendment filed December 5, 2016.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- December 10, 2016
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise
Financials
From the Form C/A filed December 5, 2016.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-536,633 | $-606,414 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $166,527 | $48,746 | sec.gov |
| Cash | $154,146 | $33,509 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $94,771 | $1,943 | sec.gov |
| Long-term debt | $836,671 | $300,084 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 5, 2016 | Amendment | $100,000 | $1,000,000 | December 10, 2016 | Update deadline date, include video transcripts and updated business plan. | sec.gov |
| October 24, 2016 | Offering | $100,000 | $1,000,000 | April 21, 2017 | sec.gov |
Updated December 5, 2016. 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.