Data / Crowdfunding / Delaware / Black Sands Entertainment Inc.
Black Sands Entertainment Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,999,996 (2023)
Black Sands Entertainment Inc., a corporation in Middletown, DE, filed a Form C with the SEC on April 11, 2023 to raise $100,000 to $1,999,996 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $486,498 in revenue and a net loss of $284,040, with 2 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
- blacksands.com
- Funding portal
- Wefunder Portal LLC
- Address
- 298 East Main St 944, Middletown, DE 19709
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 16, 2016
- SEC CIK
- 0001800218
Offering terms
From the offering filed April 11, 2023.
- Security
- Preferred Stock
- Price
- $7.17
- Target
- $100,000
- Maximum
- $1,999,996
- 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-AR filed August 7, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $486,498 | $807,509 | sec.gov |
| Cost of goods sold | $207,719 | $224,092 | sec.gov |
| Net income | $-284,040 | $-539,742 | sec.gov |
| Taxes paid | $0 | $13,141 | sec.gov |
| Total assets | $1,556,912 | $890,597 | sec.gov |
| Cash | $998,357 | $827,052 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $10,232 | $42,957 | sec.gov |
| Long-term debt | $9,147 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 7, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 11, 2023 | Offering | $100,000 | $1,999,996 | April 29, 2024 | sec.gov | |
| April 11, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| November 6, 2020 | Offering | $99,999 | $534,999 | March 4, 2021 | sec.gov | |
| November 6, 2020 | Progress update | $90,000 | $480,000 | February 13, 2020 | The final number is $480,000.00 in investments. | sec.gov |
| January 21, 2020 | Offering | $90,000 | $480,000 | April 24, 2020 | sec.gov |
Updated August 7, 2024. 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.