Data / Crowdfunding / New York / Avua Corporation
Avua Corporation: crowdfunding raise on Wefunder Portal LLC, $20,000 to $500,000 (2020)
Avua Corporation, a corporation in Brooklyn, NY, filed a Form C with the SEC on May 13, 2020 to raise $20,000 to $500,000 in Convertible Note through Wefunder Portal LLC. The offering closed on July 31, 2020. In its most recent fiscal year it reported $1,303,427 in revenue and a net loss of $315,656, with 2 employees.
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- Website
- www.avuacachaca.com.br
- Funding portal
- Wefunder Portal LLC
- Address
- 284 Sullivan Pl, Brooklyn, NY 11225
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 3, 2011
- SEC CIK
- 0001705545
Offering terms
From the amendment filed May 13, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $20,000
- Maximum
- $500,000
- Deadline
- July 31, 2020
- Portal compensation
- 4.0% 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 May 13, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,303,427 | $1,349,152 | sec.gov |
| Cost of goods sold | $541,606 | $467,299 | sec.gov |
| Net income | $-315,656 | $49,121 | sec.gov |
| Taxes paid | $1,871 | $529 | sec.gov |
| Total assets | $655,165 | $445,452 | sec.gov |
| Cash | $37,434 | $10,913 | sec.gov |
| Accounts receivable | $270,832 | $131,335 | sec.gov |
| Short-term debt | $685,118 | $356,758 | sec.gov |
| Long-term debt | $751,670 | $664,661 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 13, 2020 | Amendment | $20,000 | $500,000 | July 31, 2020 | Adding CPA reviewed financial statements, increasing maximum to $500k. | sec.gov |
| April 16, 2020 | Offering | $20,000 | $100,000 | July 31, 2020 | sec.gov | |
| April 15, 2020 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 10, 2020 | Withdrawal | Not listed | Not listed | sec.gov | ||
| April 9, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 25, 2018 | Progress update | $50,000 | $500,000 | April 30, 2018 | $254,430.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| April 26, 2018 | Amendment | $50,000 | $500,000 | April 30, 2018 | Included CPA reviewed financials, updated most recent and prior fiscal year end numbers, increased maximum offering amount, updated financial condition, updated related party transactions and past raises, and updated business plan. | sec.gov |
| December 11, 2017 | Amendment | $50,000 | $100,000 | April 30, 2018 | Extend deadline date, and updated business plan. | sec.gov |
| June 8, 2017 | Offering | $50,000 | $100,000 | December 8, 2017 | sec.gov |
Updated May 13, 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.