Data / Crowdfunding / Utah / Chosen, LLC
Chosen, LLC: crowdfunding raise on VAS Portal, LLC, $500,000 to $1,070,000 (2019)
Chosen, LLC, a limited liability company in Hurricane, UT, filed a Form C with the SEC on June 24, 2019 to raise $500,000 to $1,070,000 in preferred stock through VAS Portal, LLC. The offering closed on January 15, 2020. In its most recent fiscal year it reported $49,015,659 in revenue and $25,885,146 in net income, with 32 employees.
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- Website
- thechosen.tv
- Funding portal
- VAS Portal, LLC
- Address
- 4 S. 2600 W., SUITE 5, Hurricane, UT 84737
- Legal form
- Limited Liability Company
- Jurisdiction
- UT
- Incorporated
- October 24, 2017
- SEC CIK
- 0001733443
Offering terms
From the offering filed June 24, 2019.
- Security
- Preferred Stock
- Price
- $1.00
- Target
- $500,000
- Maximum
- $1,070,000
- Deadline
- January 15, 2020
- Portal compensation
- 5% of the successful amount raised in cash, plus reimbursements for any out-of-pocket expenses incurred by the portal with third-party service providers in connection with the offering.
Financials
From the Form C-AR filed May 5, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $49,015,659 | $20,751,408 | sec.gov |
| Cost of goods sold | $305,965 | $2,008,904 | sec.gov |
| Net income | $25,885,146 | $7,110,799 | sec.gov |
| Taxes paid | $5,936,784 | $100 | sec.gov |
| Total assets | $50,748,444 | $19,798,638 | sec.gov |
| Cash | $15,932,446 | $5,693,461 | sec.gov |
| Accounts receivable | $13,767,532 | $3,982,295 | sec.gov |
| Short-term debt | $3,236,641 | $1,029,690 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| July 24, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| August 16, 2019 | Progress update | $500,000 | $1,070,000 | January 15, 2020 | Notice of completion of offering. Amount raised: $1,069,962 | sec.gov |
| June 24, 2019 | Offering | $500,000 | $1,070,000 | January 15, 2020 | sec.gov |
Updated May 5, 2022. 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.