Data / Crowdfunding / Pennsylvania / DIGITAL DREAM LABS, INC
DIGITAL DREAM LABS, INC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $500,000 (2021)
DIGITAL DREAM LABS, INC, a corporation in Pittsburgh, PA, filed a Form C with the SEC on March 9, 2021 to raise $25,000 to $500,000 in debt through Honeycomb Portal LLC. The offering closed on May 11, 2021. In its most recent fiscal year it reported $595,469 in revenue and $262,612 in net income, with 26 employees.
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- Website
- www.digitaldreamlabs.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 100 SOUTH COMMONS SUITE 102, Pittsburgh, PA 15212
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 5, 2020
- SEC CIK
- 0001581437
Offering terms
From the amendment filed March 9, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- May 11, 2021
- Portal compensation
- 2.0% of offering total. 2.85% investor fee, capped at $37.25.
Financials
From the Form C-U filed May 20, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $595,469 | $420,314 | sec.gov |
| Cost of goods sold | $222 | $348,329 | sec.gov |
| Net income | $262,612 | $-26,329 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $940,341 | $649,670 | sec.gov |
| Cash | $559,229 | $190,324 | sec.gov |
| Accounts receivable | $294,321 | $366,714 | sec.gov |
| Short-term debt | $250,125 | $224,726 | sec.gov |
| Long-term debt | $425,774 | $68,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 20, 2021 | Progress update | $25,000 | $500,000 | May 11, 2021 | Total raised $48,950 | sec.gov |
| March 9, 2021 | Amendment | $25,000 | $500,000 | May 11, 2021 | Target end date extended and target amount updated. | sec.gov |
| December 29, 2020 | Offering | $100,000 | $500,000 | March 9, 2021 | sec.gov | |
| April 30, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| January 16, 2020 | Progress update | $25,000 | $1,070,000 | January 15, 2020 | The Offering closed successfully on January 15, 2020, having received investment commitments of $1,015,129, although a final accounting has not taken place. | sec.gov |
| December 16, 2019 | Amendment | $25,000 | $1,070,000 | January 15, 2020 | The Issuer disclosed an acquisition of Anki Assets and extended the Offering deadline. | sec.gov |
| September 18, 2019 | Amendment | $25,000 | $1,070,000 | December 17, 2019 | The minimum investment amount per investor has been decreased from $100 to $50. | sec.gov |
| September 17, 2019 | Offering | $25,000 | $1,070,000 | December 17, 2019 | sec.gov |
Updated May 20, 2021. 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.