Data / Crowdfunding / Pennsylvania / Arlene, Inc.
Arlene, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2021)
Arlene, Inc., a corporation in Erie, PA, filed a Form C with the SEC on April 5, 2021 to raise $25,000 to $500,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 5, 2021. In its most recent fiscal year it reported $257,500 in revenue and a net loss of $564,564, with 2 employees.
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- Website
- arlene.io
- Funding portal
- OpenDeal Portal LLC
- Address
- 2808 CONCORDIA DRIVE, Erie, PA 16506
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 23, 2017
- SEC CIK
- 0001847124
Offering terms
From the offering filed April 5, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- August 5, 2021
- 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 4, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $257,500 | $200,773 | sec.gov |
| Cost of goods sold | $203,706 | $94,152 | sec.gov |
| Net income | $-564,564 | $-193,627 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $570,736 | $93,374 | sec.gov |
| Cash | $566,882 | $65,995 | sec.gov |
| Accounts receivable | $1,000 | $19,000 | sec.gov |
| Short-term debt | $4,998 | $5,036 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 4, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| August 6, 2021 | Progress update | $25,000 | $500,000 | August 5, 2021 | The Offering closed successfully on 8/6/2021, having received investment commitments of $186,294.00, although a final accounting has not taken place. | sec.gov |
| April 5, 2021 | Offering | $25,000 | $500,000 | August 5, 2021 | sec.gov |
Updated May 4, 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.