Data / Crowdfunding / Missouri / ClassApps, Inc.
ClassApps, Inc.: crowdfunding raise on Wefunder Portal LLC, $75,000 to $1,070,000 (2018)
ClassApps, Inc., a corporation in Kansas City, MO, filed a Form C with the SEC on August 30, 2018 to raise $75,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on October 10, 2018. In its most recent fiscal year it reported $203,711 in revenue and a net loss of $161,323, with 2 employees.
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- Website
- www.classapps.com
- Funding portal
- Wefunder Portal LLC
- Address
- 706 E 19th Street, Kansas City, MO 64108
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 15, 2017
- SEC CIK
- 0001720916
Offering terms
From the amendment filed August 30, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $75,000
- Maximum
- $1,070,000
- Deadline
- October 10, 2018
- 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/A filed August 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $203,711 | $376,958 | sec.gov |
| Cost of goods sold | $57,879 | $62,033 | sec.gov |
| Net income | $-161,323 | $-3,253 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $206,501 | $633,994 | sec.gov |
| Cash | $1,644 | $11,558 | sec.gov |
| Accounts receivable | $41,729 | $0 | sec.gov |
| Short-term debt | $161,192 | $13,912 | sec.gov |
| Long-term debt | $0 | $455,239 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 30, 2018 | Amendment | $75,000 | $1,070,000 | October 10, 2018 | Change deadline date | sec.gov |
| March 15, 2018 | Amendment | $75,000 | $1,070,000 | August 10, 2018 | updated contracts so major investors do not get pro-rata rights ; updated risks ; updated questions 13, 21, 26, and 28 ; updated business plan | sec.gov |
| February 12, 2018 | Offering | $75,000 | $1,070,000 | August 10, 2018 | sec.gov |
Updated August 30, 2018. 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.