Data / Crowdfunding / Utah / Because Learning, Inc.
Because Learning, Inc.: crowdfunding raise on First Democracy VC, $25,000 to $107,000 (2018)
Because Learning, Inc., a corporation in Draper, UT, filed a Form C with the SEC on September 11, 2018 to raise $25,000 to $107,000 in Crowd Note through First Democracy VC. The offering closed on September 28, 2018. In its most recent fiscal year it reported $272,601 in revenue and a net loss of $649,839, with 4 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.becauselearning.com
- Funding portal
- First Democracy VC
- Address
- 1318 EAST BENT PINE CV SUITE 111, Draper, UT 84020
- Legal form
- Corporation
- Jurisdiction
- UT
- Incorporated
- August 5, 2014
- SEC CIK
- 0001635926
Offering terms
From the amendment filed September 11, 2018.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- September 28, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-U filed October 1, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $272,601 | $258,644 | sec.gov |
| Cost of goods sold | $109,877 | $182,042 | sec.gov |
| Net income | $-649,839 | $-936,680 | sec.gov |
| Taxes paid | $912 | $3,635 | sec.gov |
| Total assets | $171,281 | $232,501 | sec.gov |
| Cash | $1,087 | $14,834 | sec.gov |
| Accounts receivable | $129,868 | $202,125 | sec.gov |
| Short-term debt | $502,444 | $282,822 | sec.gov |
| Long-term debt | $488,607 | $2,007,371 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 1, 2018 | Progress update | $25,000 | $107,000 | September 28, 2018 | $121,178.00. Payments are still being processed; final number is yet to be determined. | sec.gov |
| September 11, 2018 | Amendment | $25,000 | $107,000 | September 28, 2018 | Add webinar transcript. | sec.gov |
| August 15, 2018 | Offering | $25,000 | $107,000 | September 28, 2018 | sec.gov |
Updated October 1, 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.