Data / Crowdfunding / New York / Av Consortium LLC
Av Consortium LLC: crowdfunding raise on Wefunder Portal LLC, $50,004 to $499,999 (2020)
Av Consortium LLC, a limited liability company in Astoria, NY, filed a Form C with the SEC on August 11, 2020 to raise $50,004 to $499,999 in preferred stock through Wefunder Portal LLC. The offering closed on September 25, 2020. In its most recent fiscal year it reported $1,078,150 in revenue and $58,232 in net income, with 3 employees.
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- Website
- www.infinitevr.tech
- Funding portal
- Wefunder Portal LLC
- Address
- 24-62 32nd street, Astoria, NY 11102
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- June 2, 2016
- SEC CIK
- 0001804162
Offering terms
From the amendment filed August 11, 2020.
- Security
- Preferred Stock
- Price
- $4.93
- Target
- $50,004
- Maximum
- $499,999
- Deadline
- September 25, 2020
- Portal compensation
- 7.5% 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.
Financials
From the Form C/A filed August 11, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,078,150 | $1,981,026 | sec.gov |
| Cost of goods sold | $159,522 | $398,573 | sec.gov |
| Net income | $58,232 | $87,010 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $208,979 | $184,176 | sec.gov |
| Cash | $64,205 | $105,684 | sec.gov |
| Accounts receivable | $39,898 | $0 | sec.gov |
| Short-term debt | $112,896 | $62,082 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 11, 2020 | Amendment | $50,004 | $499,999 | September 25, 2020 | Adding lead investor. | sec.gov |
| June 10, 2020 | Offering | $50,004 | $499,999 | September 25, 2020 | sec.gov |
Updated August 11, 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.