Data / Crowdfunding / Illinois / Ellison Eyewear, Inc
Ellison Eyewear, Inc: crowdfunding raise on OpenDeal Inc., $25,000 to $400,000 (2017)
Ellison Eyewear, Inc, a corporation in Chicago, IL, filed a Form C with the SEC on November 22, 2017 to raise $25,000 to $400,000 in SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on January 31, 2018. In its most recent fiscal year it reported $109,947 in revenue and a net loss of $68,310, with 1 employees.
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- Website
- www.WearEllison.com
- Funding portal
- OpenDeal Inc.
- Address
- 314 WEST INSTITUTE PLACE LOFT 2E, Chicago, IL 60610
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 19, 2014
- SEC CIK
- 0001690909
Offering terms
From the amendment filed November 22, 2017.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $400,000
- Deadline
- January 31, 2018
- Portal compensation
- 5.0% of the amount raised
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $109,947 | $38,136 | sec.gov |
| Cost of goods sold | $38,831 | $34,471 | sec.gov |
| Net income | $-68,310 | $-159,486 | sec.gov |
| Taxes paid | $350 | $0 | sec.gov |
| Total assets | $144,891 | $110,045 | sec.gov |
| Cash | $51,953 | $11,303 | sec.gov |
| Accounts receivable | $23,813 | $3,488 | sec.gov |
| Short-term debt | $259,450 | $217,837 | sec.gov |
| Long-term debt | $201,439 | $76,439 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| February 23, 2018 | Progress update | $25,000 | $400,000 | January 31, 2018 | The Issuer raised $72,600 during the offering period. | sec.gov |
| November 22, 2017 | Amendment | $25,000 | $400,000 | January 31, 2018 | The Form C filed on November 22, 2017, is hereby amended to (i) remove John Roa as a Director of the Company, who was accidentally added; and (ii) update the offering page. | sec.gov |
| November 22, 2017 | Offering | $25,000 | $400,000 | January 31, 2018 | sec.gov | |
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2017 | Amendment | $50,000 | $750,000 | March 7, 2017 | Incorrect 2.21.17 offering deadline entered on Form C. Intermediary's website and all Investor communications indicated offering deadline of 3.5.17. Offering did close 3.5.17: see Form C-U. EDGAR would not accept 3.5.17 offering deadline for this filing. | sec.gov |
| March 7, 2017 | Progress update | $50,000 | $750,000 | February 21, 2017 | The Issuer has raised a total of $131,079 during the offering period. | sec.gov |
| December 7, 2016 | Amendment | $50,000 | $750,000 | February 21, 2017 | Corrected typographical error in the amount of compensation to be paid to the intermediary | sec.gov |
| December 6, 2016 | Offering | $50,000 | $750,000 | February 21, 2017 | sec.gov |
Updated April 30, 2018. 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.