Data / Crowdfunding / California / Arqlite SPC
Arqlite SPC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $3,000,000 (2022)
Arqlite SPC, a corporation in Santa Ana, CA, filed a Form C with the SEC on May 16, 2022 to raise $50,000 to $3,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $643,240 in revenue and a net loss of $529,829, with 8 employees.
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- Website
- www.arqlite.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2111 S Anne Street, Santa Ana, CA 92704
- Legal form
- Corporation
- Jurisdiction
- WA
- Incorporated
- May 18, 2015
- SEC CIK
- 0001780937
Offering terms
From the offering filed May 16, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $3,000,000
- Deadline
- April 30, 2023
- Portal compensation
- <p>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.</p>
Financials
From the Form C-AR filed April 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $643,240 | $544,451 | sec.gov |
| Cost of goods sold | $233,281 | $847,408 | sec.gov |
| Net income | $-529,829 | $-1,878,223 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,035,713 | $2,462,505 | sec.gov |
| Cash | $66,165 | $234,548 | sec.gov |
| Accounts receivable | $55,292 | $4,000 | sec.gov |
| Short-term debt | $347,144 | $171,315 | sec.gov |
| Long-term debt | $3,148,944 | $3,231,312 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 16, 2022 | Offering | $50,000 | $3,000,000 | April 30, 2023 | sec.gov | |
| May 16, 2022 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 16, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| September 7, 2021 | Amendment | $50,000 | $1,070,000 | April 30, 2022 | CA - increasing EB threshold (Katie) | sec.gov |
| August 31, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov | |
| August 31, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| July 25, 2019 | Offering | $50,000 | $107,000 | October 31, 2019 | sec.gov |
Updated April 30, 2024. 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.