Data / Crowdfunding / California / Balloonr, Inc.
Balloonr, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $100,000 (2022)
Balloonr, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on February 16, 2022 to raise $50,000 to $100,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $231,610 in revenue and a net loss of $620,370, with 3 employees.
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- Website
- getballoon.com
- Funding portal
- Wefunder Portal LLC
- Address
- 268 Bush St. #3936, San Francisco, CA 94104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 3, 2015
- SEC CIK
- 0001648770
Offering terms
From the offering filed February 16, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- April 30, 2022
- Portal compensation
- 5.0% 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 filed February 16, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $231,610 | $94,322 | sec.gov |
| Cost of goods sold | $0 | $150,387 | sec.gov |
| Net income | $-620,370 | $-1,008,473 | sec.gov |
| Taxes paid | $800 | $1,250 | sec.gov |
| Total assets | $980,110 | $1,397,463 | sec.gov |
| Cash | $1,002,290 | $994,902 | sec.gov |
| Accounts receivable | $38,420 | $0 | sec.gov |
| Short-term debt | $13,078 | $70,940 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 16, 2022 | Offering | $50,000 | $100,000 | April 30, 2022 | sec.gov | |
| February 16, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| February 16, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 24, 2019 | Progress update | $25,000 | $1,070,000 | January 22, 2019 | The Offering successfully closed on January 23rd, 2019, having raised a cumulative $186,846 since the initial Form C filing, a final accounting has not taken place. | sec.gov |
| January 22, 2019 | Amendment | $25,000 | $1,070,000 | January 22, 2019 | The Form C cover page is amended to strike any reference to Canada & its provinces in "The jurisdictions in which the issuer intends to offer the Securities:" At the time of the filing, the Company has not accepted and closed upon any Canadian investments. | sec.gov |
| January 14, 2019 | Amendment | $25,000 | $1,070,000 | January 22, 2019 | The offering, having met or exceeded the target offering amount, will be closed early pursuant to Rule 304, with investment commitments accepted until January 22, 2019 at midnight PST, investments will be accepted during the final 48 hours. | sec.gov |
| October 22, 2018 | Amendment | $25,000 | $1,070,000 | February 28, 2019 | The offering is hereby extended to February 28, 2019. | sec.gov |
| July 3, 2018 | Amendment | $25,000 | $1,070,000 | December 31, 2018 | Form C Capitalization and Ownership description, Loans description, and Financials (exhibited) were updated to reflect amendments to the Company's outstanding convertible notes and a certain loan and warrant agreement. | sec.gov |
| June 19, 2018 | Offering | $25,000 | $1,070,000 | December 31, 2018 | sec.gov |
Updated February 16, 2022. 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.