Data / Crowdfunding / Colorado / Elm Lea Renewable Energy, LLC
Elm Lea Renewable Energy, LLC: crowdfunding raise on Raise Green, Inc., $50,000 to $250,000 (2021)
Elm Lea Renewable Energy, LLC, a limited liability company in Fort Collins, CO, filed a Form C with the SEC on March 24, 2021 to raise $50,000 to $250,000 in debt through Raise Green, Inc.. The offering closed on May 14, 2021. In its most recent fiscal year it reported $95,553 in revenue and $26,720 in net income.
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- Website
- www.solarisenergy.com/elm-lea-annual-report
- Funding portal
- Raise Green, Inc.
- Address
- 430 N COLLEGE AVE SUITE 440, Fort Collins, CO 80524
- Legal form
- Limited Liability Company
- Jurisdiction
- CO
- Incorporated
- September 11, 2015
- SEC CIK
- 0001851236
Offering terms
From the offering filed March 24, 2021.
- Security
- Debt
- Price
- $100.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- May 14, 2021
- Portal compensation
- Remuneration for Raise Green is only paid if this raise is successful in meeting its target amount. Raise Green will get paid a flat 5% on the amount raised which is withdrawn directly from the escrow account before disbursing funds to the Company.
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $95,553 | $103,045 | sec.gov |
| Cost of goods sold | $40,784 | $11,323 | sec.gov |
| Net income | $26,720 | $34,547 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $30,662 | $34,547 | sec.gov |
| Cash | $202,355 | $234,259 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $226,662 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 11, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 8, 2021 | Progress update | Not listed | Not listed | The issuer closed on $244,500 of debt notes. The funding portal was granted $4,800 of securities as compensation. | sec.gov | |
| May 21, 2021 | Progress update | $50,000 | $250,000 | May 14, 2021 | The issuer raised investment commitments of $250,000 by 2,500 Solar Refinance Notes (debt securities) with 44 investors during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| March 24, 2021 | Offering | $50,000 | $250,000 | May 14, 2021 | sec.gov |
Updated May 11, 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.