Data / Crowdfunding / California / Aro Industries, Inc
Aro Industries, Inc: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,069,999 (2022)
Aro Industries, Inc, a corporation in San Juan Capistrano, CA, filed a Form C with the SEC on April 29, 2022 to raise $10,000 to $1,069,999 in common stock through StartEngine Capital, LLC. The offering closed on June 30, 2022. In its most recent fiscal year it reported $2,135,718 in revenue and a net loss of $16,593, with 6 employees.
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- Website
- summitenvcon.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 33161 CAMINO CAPISTRANO, SUITE F SUITE F, San Juan Capistrano, CA 92675
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- December 19, 2008
- SEC CIK
- 0001895962
Offering terms
From the amendment filed April 29, 2022.
- Security
- Common Stock
- Price
- $1.00
- Target
- $10,000
- Maximum
- $1,069,999
- Deadline
- June 30, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed July 6, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,135,718 | $3,883,734 | sec.gov |
| Cost of goods sold | $1,175,190 | $2,395,165 | sec.gov |
| Net income | $-16,593 | $285,217 | sec.gov |
| Taxes paid | $0 | $43,209 | sec.gov |
| Total assets | $772,262 | $762,009 | sec.gov |
| Cash | $308,320 | $46,650 | sec.gov |
| Accounts receivable | $445,473 | $709,861 | sec.gov |
| Short-term debt | $140,290 | $225,355 | sec.gov |
| Long-term debt | $21,120 | $45,667 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 6, 2022 | Progress update | $10,000 | $1,069,999 | June 30, 2022 | At the close of the offering, the issuer closed on $83,544.18 and 88,046 number of securities. | sec.gov |
| April 29, 2022 | Amendment | $10,000 | $1,069,999 | June 30, 2022 | Correcting Description of Amendment: Issuer is Extending Campaign 60 Days and uploading 2020/2021 Financials. | sec.gov |
| April 28, 2022 | Amendment | $10,000 | $1,069,999 | June 30, 2022 | Issuer is Extending Their Campaign 60 Days | sec.gov |
| April 25, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 24, 2022 | Amendment | $10,000 | $1,069,999 | April 30, 2022 | Added Risk Disclosure To Form C | sec.gov |
| February 2, 2022 | Offering | $10,000 | $1,069,999 | April 30, 2022 | sec.gov |
Updated July 6, 2022. 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.