Data / Crowdfunding / Virginia / DET Enterprises, Inc
DET Enterprises, Inc: crowdfunding raise on MainVest, Inc., $50,000 to $250,000 (2021)
DET Enterprises, Inc, a corporation in Leesburg, VA, filed a Form C with the SEC on May 18, 2021 to raise $50,000 to $250,000 in debt through MainVest, Inc.. The offering closed on December 31, 2021. In its most recent fiscal year it reported $306,352 in revenue and a net loss of $390,571, with 9 employees.
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- Website
- www.thecraftob.com
- Funding portal
- MainVest, Inc.
- Address
- 40742 GREYHOUSE PL, Leesburg, VA 20175
- Legal form
- Corporation
- Jurisdiction
- VA
- Incorporated
- August 11, 2014
- SEC CIK
- 0001838760
Offering terms
From the amendment filed May 18, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- December 31, 2021
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed January 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $306,352 | $177,944 | sec.gov |
| Cost of goods sold | $67,531 | $86,698 | sec.gov |
| Net income | $-390,571 | $-717,967 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $152,051 | $245,913 | sec.gov |
| Cash | $47,721 | $109,817 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $244,451 | $85,250 | sec.gov |
| Long-term debt | $226,623 | $168,115 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 3, 2022 | Progress update | $50,000 | $250,000 | December 31, 2021 | At the close of the offering, the issuer closed on $59,700. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 18, 2021 | Amendment | $50,000 | $250,000 | December 31, 2021 | Issuer is extending the deadline to December 31st, 2021. | sec.gov |
| March 16, 2021 | Amendment | $50,000 | $250,000 | May 17, 2021 | Issuer is extending the deadline 60 days. Issuer is updating Appendix B with new financial information. Issuer amended financial projections. | sec.gov |
| January 5, 2021 | Offering | $50,000 | $250,000 | March 17, 2021 | sec.gov |
Updated January 3, 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.