Data / Crowdfunding / Texas / BeatStars Inc.
BeatStars Inc.: crowdfunding raise on First Democracy VC, $50,000 to $1,000,000 (2016)
BeatStars Inc., a corporation in Austin, TX, filed a Form C with the SEC on November 15, 2016 to raise $50,000 to $1,000,000 in SAFE (Simple Agreement for Future Equity) through First Democracy VC. The offering closed on January 17, 2017. In its most recent fiscal year it reported $2,318,589 in revenue and $275,593 in net income, with 13 employees.
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- Website
- www.beatstars.com
- Funding portal
- First Democracy VC
- Address
- 5816 VAN WINKLE LANE, Austin, TX 78739
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 9, 2016
- SEC CIK
- 0001690042
Offering terms
From the offering filed November 15, 2016.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- January 17, 2017
- Portal compensation
- 7.0% and $0.00
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,318,589 | $1,122,613 | sec.gov |
| Cost of goods sold | $850,944 | $765,142 | sec.gov |
| Net income | $275,593 | $11,255 | sec.gov |
| Taxes paid | $173,364 | $800 | sec.gov |
| Total assets | $736,156 | $79,828 | sec.gov |
| Cash | $502,112 | $79,828 | sec.gov |
| Accounts receivable | $219,044 | $0 | sec.gov |
| Short-term debt | $280,760 | $0 | sec.gov |
| Long-term debt | $152,364 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| January 25, 2017 | Progress update | $50,000 | $1,000,000 | January 17, 2017 | $183,000 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| November 15, 2016 | Offering | $50,000 | $1,000,000 | January 17, 2017 | sec.gov |
Also on SpecStream
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.