Data / Crowdfunding / Oregon / Boring Life Inc
Boring Life Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $428,000 (2020)
Boring Life Inc, a corporation in Boring, OR, filed a Form C with the SEC on April 23, 2020 to raise $25,000 to $428,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on July 29, 2020. In its most recent fiscal year it reported $26,014 in revenue and a net loss of $299,107, with 2 employees.
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- Website
- www.aboringlife.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 29830 SE WHEELER ROAD 29830 SE WHEELER ROAD, Boring, OR 97009
- Legal form
- Corporation
- Jurisdiction
- OR
- Incorporated
- January 1, 2019
- SEC CIK
- 0001785115
Offering terms
From the amendment filed April 23, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $428,000
- Deadline
- July 29, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-U filed August 3, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,014 | $0 | sec.gov |
| Cost of goods sold | $18,429 | $0 | sec.gov |
| Net income | $-299,107 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $87,642 | $0 | sec.gov |
| Cash | $68,764 | $0 | sec.gov |
| Accounts receivable | $3,443 | $0 | sec.gov |
| Short-term debt | $48,320 | $0 | sec.gov |
| Long-term debt | $255,926 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 3, 2020 | Progress update | $25,000 | $428,000 | July 29, 2020 | The Offering closed successfully on July 30, 2020, having received investment commitments of $111,173, although a final accounting has not taken place. | sec.gov |
| April 23, 2020 | Amendment | $25,000 | $428,000 | July 29, 2020 | Company is extending its campaign until July 29, 2020. | sec.gov |
| January 27, 2020 | Offering | $25,000 | $428,000 | April 30, 2020 | sec.gov | |
| October 18, 2019 | Progress update | $25,000 | $107,000 | October 14, 2019 | $107,000 in investments. | sec.gov |
| September 18, 2019 | Amendment | $25,000 | $107,000 | October 14, 2019 | Amendment filed to add webinar transcript as Exhibit H. | sec.gov |
| September 18, 2019 | Amendment | $25,000 | $107,000 | October 14, 2019 | Amendment filed to add webinar transcript as Exhibit H. | sec.gov |
| August 15, 2019 | Offering | $25,000 | $107,000 | October 14, 2019 | sec.gov |
Updated August 3, 2020. 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.