Data / Crowdfunding / Florida / CLOUDASTRUCTURE, INC.
CLOUDASTRUCTURE, INC.: crowdfunding raise on Wefunder Portal LLC, $80,000 to $689,474 (2019)
CLOUDASTRUCTURE, INC., a corporation in Miami, FL, filed a Form C with the SEC on November 1, 2019 to raise $80,000 to $689,474 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on March 6, 2020. In its most recent fiscal year it reported $488,000 in revenue and a net loss of $11,626,000, with 23 employees.
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- Website
- www.cloudastructure.com
- Funding portal
- Wefunder Portal LLC
- Address
- 150 SE 2ND AVE. SUITE 300, Miami, FL 33131
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 28, 2023
- SEC CIK
- 0001709628
Offering terms
From the offering filed November 1, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $80,000
- Maximum
- $689,474
- Deadline
- March 6, 2020
- Portal compensation
- 6.5% 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 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $488,000 | $421,000 | sec.gov |
| Cost of goods sold | $774,000 | $937,000 | sec.gov |
| Net income | $-11,626,000 | $-9,322,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $12,326,000 | $14,710,000 | sec.gov |
| Cash | $9,414,000 | $13,647,000 | sec.gov |
| Accounts receivable | $301,000 | $294,000 | sec.gov |
| Short-term debt | $179,000 | $2,299,000 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| November 1, 2019 | Offering | $80,000 | $689,474 | March 6, 2020 | sec.gov | |
| July 17, 2019 | Progress update | $25,000 | $1,070,000 | July 15, 2019 | The Offering closed successfully on July 16, 2019, having received investment commitments of $386,330, although a final accounting has not been completed. | sec.gov |
| April 25, 2019 | Amendment | $25,000 | $1,070,000 | July 15, 2019 | The Offering is hereby extended to July 15, 2019 at 11:59 pm PT. | sec.gov |
| March 4, 2019 | Amendment | $25,000 | $1,070,000 | May 7, 2019 | 1) increase the maximum offering amount to $1,070,000.00, 2) update historical financials, 3) update the financial statements, 4) update the use of proceeds, and 5) provide notice that the Offering will be made on a rolling close. | sec.gov |
| February 11, 2019 | Offering | $25,000 | $107,000 | May 7, 2019 | sec.gov |
Also on SpecStream
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.