Data / Crowdfunding / Michigan / Blueflite Inc.
Blueflite Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,234,997 (2023)
Blueflite Inc., a corporation in Brighton, MI, filed a Form C with the SEC on February 28, 2023 to raise $9,999 to $1,234,997 in Class B Common Stock through StartEngine Capital, LLC. The offering closed on April 3, 2023. In its most recent fiscal year it reported $853,396 in revenue and a net loss of $1,737,800, with 8 employees.
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- Website
- www.blueflite.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 7000 KENSINGTON ROAD, Brighton, MI 48116
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 14, 2018
- SEC CIK
- 0001953912
Offering terms
From the amendment filed February 28, 2023.
- Security
- Class B Common Stock
- Price
- $1.98
- Target
- $9,999
- Maximum
- $1,234,997
- Deadline
- April 3, 2023
- Portal compensation
- up to 9% percent
Financials
From the Form C-AR filed March 18, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $853,396 | $1,883,825 | sec.gov |
| Cost of goods sold | $605,622 | $1,883,825 | sec.gov |
| Net income | $-1,737,800 | $-101,445 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,838,060 | $1,484,388 | sec.gov |
| Cash | $663,386 | $278,072 | sec.gov |
| Accounts receivable | $286,583 | $1,855 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $5,351,074 | $3,320,034 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 11, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| March 18, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 5, 2023 | Progress update | $9,999 | $1,234,997 | April 3, 2023 | At the close of the offering, the issuer closed on $333,774.29 and 211,368 number of securities. | sec.gov |
| February 28, 2023 | Amendment | $9,999 | $1,234,997 | April 3, 2023 | Blueflite is extending the campaign and adding a SAFE note | sec.gov |
| December 2, 2022 | Offering | $9,999 | $1,234,997 | March 2, 2023 | sec.gov |
Updated March 11, 2025. 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.