Data / Crowdfunding / Michigan / AIRSPACE EXPERIENCE TECHNOLOGIES, INC.
AIRSPACE EXPERIENCE TECHNOLOGIES, INC.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $618,000 (2023)
AIRSPACE EXPERIENCE TECHNOLOGIES, INC., a corporation in Detroit, MI, filed a Form C with the SEC on March 13, 2023 to raise $25,000 to $618,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $309,877 in revenue and a net loss of $886,280, with 6 employees.
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- Website
- www.iflyasx.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 11499 CONNER STREET LEVEL 2, Detroit, MI 48213
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 2, 2018
- SEC CIK
- 0001765330
Offering terms
From the amendment filed March 13, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $618,000
- Deadline
- April 30, 2023
- 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-AR filed May 8, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $309,877 | $51,621 | sec.gov |
| Cost of goods sold | $260,834 | $35,413 | sec.gov |
| Net income | $-886,280 | $-884,950 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,519,488 | $1,771,559 | sec.gov |
| Cash | $81,048 | $35,883 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $134,162 | $76,021 | sec.gov |
| Long-term debt | $3,932,401 | $3,371,605 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 8, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 8, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 5, 2023 | Progress update | $25,000 | $618,000 | April 30, 2023 | The Offering closed successfully on 5/1/2023, having received investment commitments of $234,967, although a final accounting has not taken place. | sec.gov |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 13, 2023 | Amendment | $25,000 | $618,000 | April 30, 2023 | To extend the Offering Deadline to April 30, 2023. Update Conversion, Capitalization, Debt, Previous Offerings of Securities, Cash & Cash Equivalents & Transactions with Related Persons & Conflicts of Interest. Update Nominee & Waiver in SAFE | sec.gov |
| December 19, 2022 | Offering | $25,000 | $618,000 | March 19, 2023 | sec.gov | |
| June 26, 2019 | Progress update | $25,000 | $1,070,000 | June 28, 2019 | The issuer raised approximately $491,773 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| April 26, 2019 | Amendment | $25,000 | $1,070,000 | June 28, 2019 | Offering End Date extended by one week. | sec.gov |
| April 25, 2019 | Offering | $25,000 | $1,070,000 | June 21, 2019 | sec.gov |
Updated May 8, 2025. 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.