Data / Crowdfunding / New York / California 88, LLC
California 88, LLC: crowdfunding raise on NextSeed US LLC, $100,000 to $125,000 (2018)
California 88, LLC, a limited liability company in Brooklyn, NY, filed a Form C with the SEC on February 27, 2018 to raise $100,000 to $125,000 in debt through NextSeed US LLC. The offering closed on April 30, 2018. In its most recent fiscal year it reported $0 in revenue and a net loss of $24,390.
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- Website
- coastandvalleywine.com
- Funding portal
- NextSeed US LLC
- Address
- 2 LINCOLN PLACE 4R, Brooklyn, NY 11217
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- May 25, 2017
- SEC CIK
- 0001725458
Offering terms
From the amendment filed February 27, 2018.
- Security
- Debt
- Target
- $100,000
- Maximum
- $125,000
- Deadline
- April 30, 2018
- Portal compensation
- NextSeed charges the Issuer 10% of the total offering amount as compensation for its services provided in connection with the offering, provided that NextSeed will only charge 5% for funds raised from investors referred by the Issuer.
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-24,390 | $0 | sec.gov |
| Taxes paid | $25 | $0 | sec.gov |
| Total assets | $379,991 | $0 | sec.gov |
| Cash | $158,641 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,068 | $0 | sec.gov |
| Long-term debt | $113,400 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 8, 2018 | Progress update | $100,000 | $125,000 | April 30, 2018 | Issuer raised $125,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| February 27, 2018 | Amendment | $100,000 | $125,000 | April 30, 2018 | Submitting a better resolution of the offering page. | sec.gov |
| February 8, 2018 | Offering | $100,000 | $125,000 | April 30, 2018 | sec.gov |
Updated May 3, 2019. 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.