Data / Crowdfunding / California / Argo Media Inc
Argo Media Inc: crowdfunding raise on Wefunder Portal LLC, $150,000 to $5,000,000 (2023)
Argo Media Inc, a corporation in Beverly Hills, CA, filed a Form C with the SEC on April 7, 2023 to raise $150,000 to $5,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $10,677 in revenue and a net loss of $1,554,250, with 12 employees.
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- Website
- watchargo.com
- Funding portal
- Wefunder Portal LLC
- Address
- 9330 BEVERLY CREST DR, Beverly Hills, CA 90210
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 12, 2019
- SEC CIK
- 0001946669
Offering terms
From the offering filed April 7, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $150,000
- Maximum
- $5,000,000
- Deadline
- April 30, 2023
- 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 April 7, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,677 | $0 | sec.gov |
| Cost of goods sold | $99,467 | $49,255 | sec.gov |
| Net income | $-1,554,250 | $-716,070 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $288,715 | $121,442 | sec.gov |
| Cash | $181,585 | $102,451 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $96,796 | $40,273 | sec.gov |
| Long-term debt | $2,565,000 | $900,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 7, 2023 | Offering | $150,000 | $5,000,000 | April 30, 2023 | sec.gov |
Updated April 7, 2023. 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.