Data / Crowdfunding / California / Arka Inc
Arka Inc: crowdfunding raise on OpenDeal Portal LLC, $107,100 to $250,000 (2022)
Arka Inc, a corporation in San Francisco, CA, filed a Form C with the SEC on December 29, 2022 to raise $107,100 to $250,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 31, 2022. In its most recent fiscal year it reported $1,481,333 in revenue and $17,634 in net income, with 6 employees.
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- Website
- arka.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1 BLUXOME ST. #305, San Francisco, CA 94901
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 10, 2015
- SEC CIK
- 0001935346
Offering terms
From the amendment filed December 29, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $107,100
- Maximum
- $250,000
- Deadline
- December 31, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed February 14, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,481,333 | $934,961 | sec.gov |
| Cost of goods sold | $444,399 | $280,488 | sec.gov |
| Net income | $17,634 | $8,917 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,142,768 | $1,108,428 | sec.gov |
| Cash | $1,059,705 | $1,048,623 | sec.gov |
| Accounts receivable | $75,894 | $54,644 | sec.gov |
| Short-term debt | $164,117 | $118,164 | sec.gov |
| Long-term debt | $19,447 | $44,701 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 14, 2023 | Progress update | $107,100 | $250,000 | December 31, 2022 | The Offering closed successfully on 2/1/2023, having received investment commitments of $152,894.13, although a final accounting has not taken place. | sec.gov |
| December 29, 2022 | Amendment | $107,100 | $250,000 | December 31, 2022 | This Amendment extends the Offering Deadline from December 31, 2022 to January 31, 2023. | sec.gov |
| November 21, 2022 | Amendment | $107,100 | $250,000 | December 31, 2022 | This Amendment extends the Offering Deadline from November 25, 2022 to December 31, 2022. | sec.gov |
| August 24, 2022 | Offering | $107,100 | $250,000 | November 25, 2022 | sec.gov |
Updated February 14, 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.