Data / Crowdfunding / California / Bimotal Inc.
Bimotal Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,235,000 (2023)
Bimotal Inc., a corporation in Berkeley, CA, filed a Form C with the SEC on August 25, 2023 to raise $100,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $1,219,947 in revenue and $114,326 in net income, with 10 employees.
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- Website
- bimotal.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1508 Sixth Street, Berkeley, CA 94710
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 7, 2019
- SEC CIK
- 0001904949
Offering terms
From the offering filed August 25, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% 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 August 25, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,219,947 | $151,850 | sec.gov |
| Cost of goods sold | $15,405 | $0 | sec.gov |
| Net income | $114,326 | $-390,199 | sec.gov |
| Taxes paid | $51,746 | $-139,052 | sec.gov |
| Total assets | $2,643,438 | $1,760,602 | sec.gov |
| Cash | $398,818 | $1,471,277 | sec.gov |
| Accounts receivable | $500,000 | $0 | sec.gov |
| Short-term debt | $188,667 | $22,862 | sec.gov |
| Long-term debt | $644,324 | $41,529 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 25, 2023 | Offering | $100,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated August 25, 2023. 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.