Data / Crowdfunding / California / Divercity, Inc.
Divercity, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $107,000 (2019)
Divercity, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on July 22, 2019 to raise $50,000 to $107,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on October 24, 2019. In its most recent fiscal year it reported $203,076 in revenue and a net loss of $458,304, with 14 employees.
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- Website
- corp.delaware.gov
- Funding portal
- Wefunder Portal LLC
- Address
- 6548 BRADLEY PLACE, Los Angeles, CA 90056
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 10, 2018
- SEC CIK
- 0001782894
Offering terms
From the offering filed July 22, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- October 24, 2019
- 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-AR filed April 26, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $203,076 | $249,727 | sec.gov |
| Cost of goods sold | $764,834 | $695,580 | sec.gov |
| Net income | $-458,304 | $427,253 | sec.gov |
| Taxes paid | $825 | $800 | sec.gov |
| Total assets | $19,150 | $87,552 | sec.gov |
| Cash | $19,150 | $87,552 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $639,731 | $310,715 | sec.gov |
| Long-term debt | $48,691 | $78,178 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 22, 2019 | Offering | $50,000 | $107,000 | October 24, 2019 | sec.gov |
Updated April 26, 2023. 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.