Data / Crowdfunding / California / Degrees Plato LLC
Degrees Plato LLC: crowdfunding raise on SMBX, Inc., $139,570 (2020)
Degrees Plato LLC, a limited liability company in Oakland, CA, filed a Form C with the SEC on May 8, 2020 to raise $139,570 in debt through SMBX, Inc.. The offering closed on May 7, 2020. In its most recent fiscal year it reported $1,035,654 in revenue and $16,527 in net income, with 13 employees.
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- Website
- www.degreesplato.com
- Funding portal
- SMBX, Inc.
- Address
- 4251 MACARTHUR BOULEVARD, Oakland, CA 94619
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- May 9, 2016
- SEC CIK
- 0001797667
Offering terms
From the amendment filed May 8, 2020.
- Security
- Debt
- Price
- $10.00
- Target
- $139,570
- Deadline
- May 7, 2020
- Portal compensation
- The SMBX will not receive compensation for this offering.
Financials
From the Form C/A filed May 8, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,035,654 | $432,977 | sec.gov |
| Cost of goods sold | $870,503 | $445,135 | sec.gov |
| Net income | $16,527 | $-249,814 | sec.gov |
| Taxes paid | $5,809 | $5,745 | sec.gov |
| Total assets | $162,485 | $136,023 | sec.gov |
| Cash | $13,634 | $5,106 | sec.gov |
| Accounts receivable | $55,621 | $19,437 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $220,496 | $237,981 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 8, 2020 | Amendment | $139,570 | Not listed | May 7, 2020 | The deadline date for the offering was extended to April 24, 2020 (including reconfirmation period). The total offering amount was $139,570 and the final clearing yield was 9%. All investors have reconfirmed their investments prior to the offering close. | sec.gov |
| February 28, 2020 | Amendment | $250,000 | Not listed | March 31, 2020 | The target deadline date for the offering has been extended to March 31, 2020. However, we may close the offering earlier than March 31st. There will be a reconfirmation process required for all investors at the close of the offering. | sec.gov |
| January 10, 2020 | Amendment | $250,000 | Not listed | February 29, 2020 | One of our documents have been updated. This will not require investors to reconfirm as the offering is not yet opened to the public for making investment commitments. | sec.gov |
| January 8, 2020 | Amendment | $250,000 | Not listed | February 29, 2020 | One of our documents have been updated. This will not require investors to reconfirm as the offering is not yet opened to the public for making investment commitments. | sec.gov |
| January 7, 2020 | Offering | $250,000 | Not listed | February 29, 2020 | sec.gov |
Updated May 8, 2020. 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.