Data / Crowdfunding / New York / App App, Inc.
App App, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $278,766 (2019)
App App, Inc., a corporation in Brooklyn, NY, filed a Form C with the SEC on October 31, 2019 to raise $50,000 to $278,766 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on March 6, 2020. In its most recent fiscal year it reported $2,331 in revenue and a net loss of $24,799, with 4 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.getappapp.com
- Funding portal
- Wefunder Portal LLC
- Address
- 81 Prospect St, Brooklyn, NY 11201
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 17, 2017
- SEC CIK
- 0001776303
Offering terms
From the offering filed October 31, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $278,766
- Deadline
- March 6, 2020
- Portal compensation
- 7.5% 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 filed October 31, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,331 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-24,799 | $-14,371 | sec.gov |
| Taxes paid | $400 | $0 | sec.gov |
| Total assets | $23,570 | $33,370 | sec.gov |
| Cash | $6,925 | $24,970 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $30,000 | $15,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 31, 2019 | Offering | $50,000 | $278,766 | March 6, 2020 | sec.gov | |
| October 31, 2019 | Progress update | $20,000 | $300,000 | July 31, 2019 | The final number is $256,133.00 in investments. | sec.gov |
| May 13, 2019 | Offering | $20,000 | $300,000 | July 31, 2019 | sec.gov |
Updated October 31, 2019. 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.