Data / Crowdfunding / California / Designer Solutions Inc.
Designer Solutions Inc.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,000,000 (2017)
Designer Solutions Inc., a corporation in San Mateo, CA, filed a Form C with the SEC on October 25, 2017 to raise $250,000 to $1,000,000 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2018. In its most recent fiscal year it reported $101,190 in revenue and a net loss of $1,352,144, with 7 employees.
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- Website
- www.designerinc.com
- Funding portal
- Wefunder Portal LLC
- Address
- 140 South Blvd, San Mateo, CA 94062
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 18, 2014
- SEC CIK
- 0001703945
Offering terms
From the amendment filed October 25, 2017.
- Security
- Common Stock
- Price
- $1.17
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2018
- Portal compensation
- 4.0% 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 October 25, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $101,190 | $10,432 | sec.gov |
| Cost of goods sold | $38,599 | $5,635 | sec.gov |
| Net income | $-1,352,144 | $-1,829,305 | sec.gov |
| Taxes paid | $4,590 | $6,269 | sec.gov |
| Total assets | $362,548 | $937,312 | sec.gov |
| Cash | $53,564 | $609,353 | sec.gov |
| Accounts receivable | $5,930 | $930 | sec.gov |
| Short-term debt | $136,483 | $90,796 | sec.gov |
| Long-term debt | $2,563,000 | $2,063,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 25, 2017 | Amendment | $250,000 | $1,000,000 | April 30, 2018 | Changed deadline date, and updated business plan. | sec.gov |
| May 1, 2017 | Offering | $250,000 | $1,000,000 | October 26, 2017 | sec.gov |
Updated October 25, 2017. 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.