Data / Crowdfunding / California / Avenida Entertainment Group Inc.
Avenida Entertainment Group Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
Avenida Entertainment Group Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on November 28, 2023 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $242,988 in revenue and a net loss of $530,243, with 5 employees.
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- Website
- avenida.tv
- Funding portal
- Wefunder Portal LLC
- Address
- 1908 Beverly Boulevard, Los Angeles, CA 90057
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 29, 2016
- SEC CIK
- 0001989455
Offering terms
From the amendment filed November 28, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- 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 November 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $242,988 | $145,674 | sec.gov |
| Cost of goods sold | $55,045 | $116,381 | sec.gov |
| Net income | $-530,243 | $-470,239 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $103,802 | $237,189 | sec.gov |
| Cash | $922 | $132,447 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $678,222 | $56,405 | sec.gov |
| Long-term debt | $499,931 | $777,573 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 28, 2023 | Amendment | $50,000 | $1,235,000 | April 29, 2024 | Adding VIP terms | sec.gov |
| September 13, 2023 | Offering | $50,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated November 28, 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.