Data / Crowdfunding / California / Denim.la Inc.
Denim.la Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $760,249 (2020)
Denim.la Inc., a corporation in Vernon, CA, filed a Form C with the SEC on December 14, 2020 to raise $50,000 to $760,249 in Convertible Note through Wefunder Portal LLC. The offering closed on December 21, 2020. In its most recent fiscal year it reported $3,034,216 in revenue and a net loss of $5,653,973, with 8 employees.
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- Website
- www.dstld.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4700 S. Boyle, Vernon, CA 90058
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 30, 2013
- SEC CIK
- 0001668010
Offering terms
From the amendment filed December 14, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $760,249
- Deadline
- December 21, 2020
- 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/A filed December 14, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,034,216 | $3,777,493 | sec.gov |
| Cost of goods sold | $1,626,505 | $1,656,332 | sec.gov |
| Net income | $-5,653,973 | $-4,725,533 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,282,057 | $2,244,929 | sec.gov |
| Cash | $40,469 | $584,481 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $8,424,556 | $5,971,106 | sec.gov |
| Long-term debt | $7,700 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 14, 2020 | Amendment | $50,000 | $760,249 | December 21, 2020 | Adding 2018 / 2019 audited financial statements. | sec.gov |
| November 10, 2020 | Offering | $50,000 | $760,249 | December 2, 2020 | sec.gov | |
| March 23, 2020 | Offering | $100,000 | $1,069,999 | April 29, 2020 | sec.gov | |
| May 22, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 3, 2019 | Progress update | $9,999 | $999,999 | August 14, 2018 | At the close of the offering, the issuer closed on $64,586.08 and 129,063 number of securities. | sec.gov |
| August 13, 2018 | Progress update | $9,999 | $999,999 | August 14, 2018 | At the close of the offering, the amount closed on is $64,586.08 and $129,063 number of securities sold, final amount subject to change pending final receipt of committed investment | sec.gov |
| June 25, 2018 | Amendment | $9,999 | $999,999 | August 14, 2018 | Issuer has added additional videos to the campaign page. | sec.gov |
| June 15, 2018 | Offering | $9,999 | $999,999 | August 14, 2018 | sec.gov |
Also on SpecStream
Updated December 14, 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.