Data / Crowdfunding / Oregon / Danielhouse Studios, Inc.
Danielhouse Studios, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $800,000 (2023)
Danielhouse Studios, Inc., a corporation in Portland, OR, filed a Form C with the SEC on August 16, 2023 to raise $50,000 to $800,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2024. In its most recent fiscal year it reported $4,594,165 in revenue and a net loss of $1,318,610, with 5 employees.
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- Website
- www.danielhouse.club
- Funding portal
- Wefunder Portal LLC
- Address
- 239 NW 13th Ave Suite 207, Portland, OR 97209
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 7, 2015
- SEC CIK
- 0001829808
Offering terms
From the amendment filed August 16, 2023.
- Security
- Preferred Stock
- Price
- $0.74
- Target
- $50,000
- Maximum
- $800,000
- Deadline
- April 30, 2024
- Portal compensation
- 7.5% 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 19, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,594,165 | $1,727,443 | sec.gov |
| Cost of goods sold | $4,146,933 | $1,707,340 | sec.gov |
| Net income | $-1,318,610 | $-724,298 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $466,930 | $292,024 | sec.gov |
| Cash | $160,729 | $154,265 | sec.gov |
| Accounts receivable | $34,068 | $26,300 | sec.gov |
| Short-term debt | $1,303,518 | $667,148 | sec.gov |
| Long-term debt | $727,602 | $1,129,748 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 19, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| October 26, 2023 | Progress update | $50,000 | $800,000 | April 29, 2024 | The final number is $544,052.00 in investments, pending final accounting. | sec.gov |
| August 16, 2023 | Amendment | $50,000 | $800,000 | April 30, 2024 | Increasing the Early Bird threshold to $510,000, lowering campaign maximum from $1.235M to $800k, updating close date, updating financial statement formatting | sec.gov |
| April 3, 2023 | Amendment | $50,000 | $1,234,999 | April 30, 2024 | Adding 2022 financials and extending campaign. | sec.gov |
| February 13, 2023 | Offering | $50,000 | $1,234,999 | April 30, 2023 | sec.gov |
Also on SpecStream
Updated April 19, 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.