Data / Crowdfunding / California / Boundary Layer Technologies Inc
Boundary Layer Technologies Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2024)
Boundary Layer Technologies Inc, a corporation in Alameda, CA, filed a Form C with the SEC on April 26, 2024 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on June 30, 2024. In its most recent fiscal year it reported $65,078 in revenue and a net loss of $1,025,925, with 2 employees.
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- Website
- ridevalo.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2900 Main Street, Alameda, CA 94501
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 16, 2018
- SEC CIK
- 0001998278
Offering terms
From the amendment filed April 26, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- June 30, 2024
- Portal compensation
- <p>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.</p>
Financials
From the Form C-AR filed April 2, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $65,078 | $149,663 | sec.gov |
| Cost of goods sold | $486,646 | $0 | sec.gov |
| Net income | $-1,025,925 | $-964,452 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $294,431 | $716,765 | sec.gov |
| Cash | $201,660 | $265,102 | sec.gov |
| Accounts receivable | $0 | $6,320 | sec.gov |
| Short-term debt | $579,484 | $443,761 | sec.gov |
| Long-term debt | $704,763 | $1,017,020 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 2, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2024 | Amendment | $50,000 | $1,235,000 | June 30, 2024 | Adding 2023 financial statements, extending the close | sec.gov |
| February 21, 2024 | Amendment | $50,000 | $1,235,000 | April 29, 2024 | Decreased Early Bird threshold to $50,000 | sec.gov |
| January 31, 2024 | Amendment | $50,000 | $1,235,000 | April 29, 2024 | Updated valuation caps on SAFEs, updated Lead | sec.gov |
| December 19, 2023 | Offering | $50,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated April 2, 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.