Data / Crowdfunding / California / Custom Social Inc.
Custom Social Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2021)
Custom Social Inc., a corporation in Berkeley, CA, filed a Form C with the SEC on October 29, 2021 to raise $9,999 to $1,069,999 in Non-Voting Common Stock through StartEngine Capital, LLC. The offering closed on November 27, 2021. In its most recent fiscal year it reported $411,861 in revenue and a net loss of $583,588, with 18 employees.
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- Website
- www.getarrow.ai
- Funding portal
- StartEngine Capital, LLC
- Address
- 3160 College Ave, Suite 203 Please Update This Value, Berkeley, CA 94705
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- January 18, 2019
- SEC CIK
- 0001869347
Offering terms
From the amendment filed October 29, 2021.
- Security
- Non-Voting Common Stock
- Price
- $0.95
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- November 27, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $411,861 | $395,453 | sec.gov |
| Cost of goods sold | $211,637 | $224,301 | sec.gov |
| Net income | $-583,588 | $-357,931 | sec.gov |
| Taxes paid | $450 | $3,211 | sec.gov |
| Total assets | $57,220 | $61,612 | sec.gov |
| Cash | $19,776 | $28,414 | sec.gov |
| Accounts receivable | $13,381 | $33,198 | sec.gov |
| Short-term debt | $35,839 | $20,839 | sec.gov |
| Long-term debt | $1,244,796 | $794,929 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 8, 2022 | Progress update | $9,999 | $1,069,999 | November 27, 2021 | Adjustment to the initial Form C-U filing of 11/30/2021. At the close of the offering, the issuer closed on $148,421.03 and 175,842 number of securities. | sec.gov |
| November 30, 2021 | Progress update | $9,999 | $1,069,999 | November 27, 2021 | At the close of the offering, the issuer closed on $139,806.81 and 166,393 number of securities. | sec.gov |
| October 29, 2021 | Amendment | $9,999 | $1,069,999 | November 27, 2021 | Issuer is moving close date up | sec.gov |
| September 23, 2021 | Amendment | $9,999 | $1,069,999 | December 22, 2021 | Issuer updated elevator pitch in campaign page. | sec.gov |
| June 25, 2021 | Offering | $9,999 | $1,069,999 | December 22, 2021 | sec.gov |
Updated May 2, 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.