Data / Crowdfunding / California / Beacons AI, Inc.
Beacons AI, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $200,000 (2021)
Beacons AI, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on March 15, 2021 to raise $25,000 to $200,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 19, 2021. In its most recent fiscal year it reported $12,158 in revenue and a net loss of $370,613, with 4 employees.
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- Website
- www.beacons.ai
- Funding portal
- OpenDeal Portal LLC
- Address
- 625 8TH STREET UNIT 406, San Francisco, CA 94103
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 8, 2019
- SEC CIK
- 0001843648
Offering terms
From the amendment filed March 15, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $200,000
- Deadline
- March 19, 2021
- Portal compensation
- 6% of amount raised.
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $12,158 | $368 | sec.gov |
| Cost of goods sold | $10,035 | $55 | sec.gov |
| Net income | $-370,613 | $-123,248 | sec.gov |
| Taxes paid | $993 | $0 | sec.gov |
| Total assets | $251,681 | $623,624 | sec.gov |
| Cash | $221,681 | $602,620 | sec.gov |
| Accounts receivable | $4,912 | $5,000 | sec.gov |
| Short-term debt | $4,782 | $11,889 | sec.gov |
| Long-term debt | $738,542 | $740,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 22, 2021 | Progress update | $25,000 | $200,000 | March 19, 2021 | The Offering closed successfully on 03/20/2021, having received investment commitments of $200,000 although a final accounting has not taken place. | sec.gov |
| March 15, 2021 | Amendment | $25,000 | $200,000 | March 19, 2021 | This Form C/A documents the following material change: The substitution of the custodial Omnibus Crowd SAFE in place of separate Crowd SAFE instruments issuable to each participant in the Offering. The deadline has also been shortened to end on 2/19/2021 | sec.gov |
| February 8, 2021 | Offering | $25,000 | $200,000 | April 30, 2021 | sec.gov |
Also on SpecStream
Updated May 6, 2021. 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.