Data / Crowdfunding / Michigan / Do., LLC
Do., LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $100,000 (2016)
Do., LLC, a limited liability company in Detroit, MI, filed a Form C with the SEC on October 7, 2016 to raise $50,000 to $100,000 in Simple Agreement for Future Equity (SAFE) with a $4m valuation cap through Wefunder Portal LLC. The offering closed on October 11, 2016. In its most recent fiscal year it reported $24,506 in revenue and a net loss of $74,940, with 2 employees.
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- Website
- www.bogobrush.com
- Funding portal
- Wefunder Portal LLC
- Address
- 444 W. WILLIS ST. #103, Detroit, MI 48201
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- February 12, 2012
- SEC CIK
- 0001674379
Offering terms
From the amendment filed October 7, 2016.
- Security
- Simple Agreement for Future Equity (SAFE) with a $4m valuation cap
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- October 11, 2016
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise.
Financials
From the Form C-AR filed April 27, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $24,506 | $25,443 | sec.gov |
| Cost of goods sold | $29,426 | $15,852 | sec.gov |
| Net income | $-74,940 | $-32,374 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $28,665 | $88,092 | sec.gov |
| Cash | $2,150 | $47,574 | sec.gov |
| Accounts receivable | $1,635 | $1,215 | sec.gov |
| Short-term debt | $74,168 | $54,500 | sec.gov |
| Long-term debt | $148,625 | $152,778 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2017 | Progress update | $50,000 | $100,000 | April 26, 2017 | The final number is $57,500.00 in investments. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 10-11-2016 | sec.gov |
| October 24, 2016 | Progress update | $50,000 | $100,000 | October 21, 2016 | $59,550 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 10-11-16. | sec.gov |
| October 7, 2016 | Amendment | $50,000 | $100,000 | October 11, 2016 | Push deadline back by one day due to federal holiday. | sec.gov |
| October 3, 2016 | Amendment | $50,000 | $100,000 | October 10, 2016 | Update deadline date, and include updated business plan. | sec.gov |
| May 16, 2016 | Offering | $50,000 | $100,000 | November 12, 2016 | sec.gov |
Updated May 1, 2019. 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.