Data / Crowdfunding / Massachusetts / Coils to Locs, LLC
Coils to Locs, LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2023)
Coils to Locs, LLC, a limited liability company in Dorchester, MA, filed a Form C with the SEC on January 20, 2023 to raise $50,000 to $250,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $2,072 in revenue and $2,072 in net income, with 2 employees.
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- Website
- coilstolocs.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1452 Dorchester Ave., Suite 4, Dorchester, MA 02122
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- May 24, 2019
- SEC CIK
- 0001962452
Offering terms
From the offering filed January 20, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- April 30, 2023
- 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 9, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,072 | $15,713 | sec.gov |
| Cost of goods sold | $19,363 | $2,242 | sec.gov |
| Net income | $2,072 | $15,713 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $64,085 | $66,107 | sec.gov |
| Cash | $35,401 | $12,272 | sec.gov |
| Accounts receivable | $0 | $239 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $27,240 | $27,240 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 9, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 20, 2023 | Offering | $50,000 | $250,000 | April 30, 2023 | sec.gov |
Updated April 9, 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.