Data / Crowdfunding / California / American Ultimate Disc League, LLC
American Ultimate Disc League, LLC: crowdfunding raise on Wefunder Portal LLC, $100,000 to $534,997 (2021)
American Ultimate Disc League, LLC, a limited liability company in Los Gatos, CA, filed a Form C with the SEC on January 27, 2021 to raise $100,000 to $534,997 in Series C Common Units through Wefunder Portal LLC. The offering closed on January 28, 2022. In its most recent fiscal year it reported $318,832 in revenue and a net loss of $486,797, with 8 employees.
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- Website
- theaudl.com
- Funding portal
- Wefunder Portal LLC
- Address
- 50 University Ave Suite 144, Los Gatos, CA 95030
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- January 10, 2013
- SEC CIK
- 0001687626
Offering terms
From the amendment filed January 27, 2021.
- Security
- Series C Common Units
- Price
- $3.00
- Target
- $100,000
- Maximum
- $534,997
- Deadline
- January 28, 2022
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed January 27, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $318,832 | $719,085 | sec.gov |
| Cost of goods sold | $167,143 | $563,265 | sec.gov |
| Net income | $-486,797 | $-829,580 | sec.gov |
| Taxes paid | $0 | $3,300 | sec.gov |
| Total assets | $416,573 | $378,666 | sec.gov |
| Cash | $216,495 | $265,314 | sec.gov |
| Accounts receivable | $82,774 | $105,151 | sec.gov |
| Short-term debt | $376,546 | $399,301 | sec.gov |
| Long-term debt | $118,582 | $376,546 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 27, 2021 | Amendment | $100,000 | $534,997 | January 28, 2022 | Adding 2020 reviewed financials. | sec.gov |
| October 22, 2020 | Offering | $100,000 | $534,997 | January 28, 2021 | sec.gov | |
| April 22, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| September 18, 2018 | Progress update | $9,999 | $1,069,998 | September 15, 2018 | At the close of the offering, the issuer closed on $509,817, and 154,550 number of securities. | sec.gov |
| August 13, 2018 | Amendment | $9,999 | $1,069,998 | September 15, 2018 | Issuer is extending their campaign. | sec.gov |
| June 7, 2018 | Amendment | $9,999 | $1,069,998 | August 15, 2018 | Issuer updated perks. | sec.gov |
| May 18, 2018 | Offering | $9,999 | $1,069,998 | August 15, 2018 | sec.gov |
Updated January 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.