Data / Crowdfunding / Tennessee / Authentically American, LLC
Authentically American, LLC: crowdfunding raise on NEXTSEED SECURITIES, LLC, $100,000 to $500,000 (2020)
Authentically American, LLC, a limited liability company in Nashville, TN, filed a Form C with the SEC on April 21, 2020 to raise $100,000 to $500,000 in NextSeed SAFE through NEXTSEED SECURITIES, LLC. The offering closed on October 31, 2020. In its most recent fiscal year it reported $637,826 in revenue and a net loss of $838,702, with 6 employees.
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- Website
- www.authenticallyamericanbrand.us
- Funding portal
- NEXTSEED SECURITIES, LLC
- Address
- 5543 EDMONSON PIKE #34, Nashville, TN 37211
- Legal form
- Limited Liability Company
- Jurisdiction
- TN
- Incorporated
- April 11, 2017
- SEC CIK
- 0001713938
Offering terms
From the offering filed April 21, 2020.
- Security
- NextSeed SAFE
- Price
- $1.00
- Target
- $100,000
- Maximum
- $500,000
- Deadline
- October 31, 2020
- Portal compensation
- 7% of the total Offering Amount; provided only 5% is charged on investors introduced by the issuer.
Financials
From the Form C-U filed June 9, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $637,826 | $419,420 | sec.gov |
| Cost of goods sold | $515,268 | $303,524 | sec.gov |
| Net income | $-838,702 | $-499,462 | sec.gov |
| Taxes paid | $3,757 | $1,650 | sec.gov |
| Total assets | $192,530 | $53,999 | sec.gov |
| Cash | $35,367 | $17,927 | sec.gov |
| Accounts receivable | $129,146 | $31,872 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $171,886 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 9, 2020 | Progress update | $100,000 | $500,000 | October 31, 2020 | Issuer raised $500,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| April 21, 2020 | Offering | $100,000 | $500,000 | October 31, 2020 | sec.gov |
Updated June 9, 2020. 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.