Data / Crowdfunding / Virginia / Edge Tech Labs, LLC
Edge Tech Labs, LLC: crowdfunding raise on OpenDeal Inc., $50,000 to $400,000 (2017)
Edge Tech Labs, LLC, a limited liability company in Arlington, VA, filed a Form C with the SEC on October 12, 2017 to raise $50,000 to $400,000 in Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on November 10, 2017. In its most recent fiscal year it reported $401,322 in revenue and a net loss of $226,186, with 4 employees.
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- Website
- www.edgetechlabs.com
- Funding portal
- OpenDeal Inc.
- Address
- 4141 N. HENDERSON RD. PLAZA SUITE 7, Arlington, VA 22203
- Legal form
- Limited Liability Company
- Jurisdiction
- VA
- Incorporated
- August 16, 2013
- SEC CIK
- 0001715013
Offering terms
From the amendment filed October 12, 2017.
- Security
- Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $400,000
- Deadline
- November 10, 2017
- Portal compensation
- 5.0% of the amount raised
Financials
From the Form C-AR filed April 25, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $401,322 | $528,921 | sec.gov |
| Cost of goods sold | $346,910 | $479,191 | sec.gov |
| Net income | $-226,186 | $-296,215 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $181,375 | $115,362 | sec.gov |
| Cash | $134,505 | $34,313 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $33,747 | $0 | sec.gov |
| Long-term debt | $1,057,105 | $894,476 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 13, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 25, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 23, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 17, 2017 | Progress update | $50,000 | $400,000 | November 10, 2017 | The Issuer raised approximately $79,500 during the offering period. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| October 12, 2017 | Amendment | $50,000 | $400,000 | November 10, 2017 | The Form C of the Company dated September 8, 2017 is hereby amended to (i) amend the date of organization of the Company, and (ii) amend the total units of SAFEs outstanding after the Offering if the minimum and maximum amount is reached. | sec.gov |
| September 8, 2017 | Offering | $50,000 | $400,000 | November 10, 2017 | sec.gov |
Updated January 13, 2020. 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.