Data / Crowdfunding / California / Balanced Software, Inc.
Balanced Software, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,000,000 (2017)
Balanced Software, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on September 19, 2017 to raise $100,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on September 18, 2017. In its most recent fiscal year it reported $13,400 in revenue and a net loss of $437,814, with 5 employees.
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- Website
- balance.io
- Funding portal
- Wefunder Portal LLC
- Address
- 548 MARKET STREET #90291, San Francisco, CA 94104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 17, 2016
- SEC CIK
- 0001712071
Offering terms
From the amendment filed September 19, 2017.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- September 18, 2017
- 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-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $13,400 | $0 | sec.gov |
| Cost of goods sold | $283,876 | $0 | sec.gov |
| Net income | $-437,814 | $-4,089 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $459,535 | $0 | sec.gov |
| Cash | $430,812 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $738 | $4,089 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| March 1, 2018 | Progress update | $100,000 | $1,070,000 | September 18, 2017 | The final number is $1,070,000.00 in investments. | sec.gov |
| September 19, 2017 | Amendment | $100,000 | $1,000,000 | September 18, 2017 | Change deadline date, include video transcripts, and updated business plan. | sec.gov |
| August 11, 2017 | Amendment | $100,000 | $1,000,000 | February 2, 2018 | Early bird $100k -> $250k. Also early investor (CEOs father) returned $70k of $130k to make room for more investors at $2.5M cap | sec.gov |
| August 2, 2017 | Offering | $100,000 | $1,000,000 | February 2, 2018 | sec.gov |
Updated April 30, 2018. 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.