Data / Crowdfunding / California / Choix, Inc.
Choix, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2022)
Choix, Inc., a corporation in San Rafael, CA, filed a Form C with the SEC on October 6, 2022 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 12, 2023. In its most recent fiscal year it reported $1,107,298 in revenue and a net loss of $1,151,245, with 2 employees.
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- Website
- mychoix.co
- Funding portal
- OpenDeal Portal LLC
- Address
- 1299 FOURTH STREET SUITE 202E, San Rafael, CA 94901
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- September 3, 2020
- SEC CIK
- 0001931543
Offering terms
From the offering filed October 6, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- February 12, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,107,298 | $542,590 | sec.gov |
| Cost of goods sold | $386,429 | $193,457 | sec.gov |
| Net income | $-1,151,245 | $-5,225 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $60,964 | $67,418 | sec.gov |
| Cash | $60,964 | $67,418 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $102,725 | $52,046 | sec.gov |
| Long-term debt | $41,070 | $40,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| December 30, 2022 | Progress update | $25,000 | $1,235,000 | February 12, 2023 | The Offering closed successfully on 12/29/2022, having received investment commitments of $135,200, although a final accounting has not taken place. | sec.gov |
| October 6, 2022 | Offering | $25,000 | $1,235,000 | February 12, 2023 | sec.gov |
Updated May 1, 2023. 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.