Data / Crowdfunding / Iowa / DMDirt, LLC
DMDirt, LLC: crowdfunding raise on MainVest, Inc., $50,000 to $250,000 (2022)
DMDirt, LLC, a limited liability company in Des Moines, IA, filed a Form C with the SEC on May 25, 2022 to raise $50,000 to $250,000 in debt through MainVest, Inc.. The offering closed on June 27, 2022. In its most recent fiscal year it reported $663,120 in revenue and a net loss of $159,324, with 12 employees.
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- Website
- www.dirtburger.us
- Funding portal
- MainVest, Inc.
- Address
- 206 4TH ST, Des Moines, IA 50309
- Legal form
- Limited Liability Company
- Jurisdiction
- IA
- Incorporated
- May 3, 2018
- SEC CIK
- 0001885858
Offering terms
From the amendment filed May 25, 2022.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- June 27, 2022
- 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 June 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $663,120 | $328,833 | sec.gov |
| Cost of goods sold | $307,658 | $114,719 | sec.gov |
| Net income | $-159,324 | $-110,652 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $76,733 | $47,349 | sec.gov |
| Cash | $16,122 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $99,900 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 28, 2022 | Progress update | $50,000 | $250,000 | June 27, 2022 | At the close of the offering, the issuer closed on $54,400. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 25, 2022 | Amendment | $50,000 | $250,000 | June 27, 2022 | Issuer is extending the deadline to make an investment. Issuer is also amending terms of the Note Agreement. Issuer is amending Offering Memorandum, | sec.gov |
| March 2, 2022 | Offering | $50,000 | $250,000 | May 27, 2022 | sec.gov |
Updated June 28, 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.