Data / Crowdfunding / New York / Circle Optics, Inc.
Circle Optics, Inc.: crowdfunding raise on Wefunder Portal LLC, $150,000 to $1,000,000 (2023)
Circle Optics, Inc., a corporation in Rochester, NY, filed a Form C with the SEC on January 25, 2023 to raise $150,000 to $1,000,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $1,635,320 in revenue and $518,841 in net income, with 16 employees.
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- Website
- circleoptics.com
- Funding portal
- Wefunder Portal LLC
- Address
- 260 E. MAIN ST. SUITE 6106, Rochester, NY 14604
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 1, 2019
- SEC CIK
- 0001957669
Offering terms
From the offering filed January 25, 2023.
- Security
- Preferred Stock
- Price
- $1.62
- Target
- $150,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2023
- Portal compensation
- 5.0% 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.
Financials
From the Form C-AR filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,635,320 | $1,620,257 | sec.gov |
| Cost of goods sold | $1,335,821 | $1,253,077 | sec.gov |
| Net income | $518,841 | $629,355 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $317,373 | $393,923 | sec.gov |
| Cash | $49,660 | $231,637 | sec.gov |
| Accounts receivable | $70,181 | $86,237 | sec.gov |
| Short-term debt | $1,241,255 | $1,033,619 | sec.gov |
| Long-term debt | $324,611 | $1,227,024 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 25, 2023 | Offering | $150,000 | $1,000,000 | April 30, 2023 | sec.gov |
Updated April 29, 2024. 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.