Data / Crowdfunding / Texas / Fizzics Group LLC
Fizzics Group LLC: crowdfunding raise on First Democracy VC, $100,000 to $1,000,000 (2017)
Fizzics Group LLC, a corporation in Farmingdale, TX, filed a Form C with the SEC on April 7, 2017 to raise $100,000 to $1,000,000 in Series Seed Preferred Stock through First Democracy VC. The offering closed on May 8, 2017. In its most recent fiscal year it reported $5,508,861 in revenue and $89,729 in net income, with 4 employees.
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- Website
- www.fizzics.com
- Funding portal
- First Democracy VC
- Address
- 1775 ROUTE 34 STE D14, Farmingdale, TX 07727
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 31, 2017
- SEC CIK
- 0001676858
Offering terms
From the amendment filed April 7, 2017.
- Security
- Series Seed Preferred Stock
- Price
- $2.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- May 8, 2017
- Portal compensation
- 5.0% and $0.00
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,508,861 | $5,596,785 | sec.gov |
| Cost of goods sold | $3,405,740 | $2,822,257 | sec.gov |
| Net income | $89,729 | $-256,665 | sec.gov |
| Taxes paid | $65,837 | $0 | sec.gov |
| Total assets | $1,668,745 | $2,617,410 | sec.gov |
| Cash | $200,012 | $833,880 | sec.gov |
| Accounts receivable | $639,064 | $897,715 | sec.gov |
| Short-term debt | $588,911 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| July 5, 2017 | Progress update | $100,000 | $1,000,000 | May 8, 2017 | The Company's offering on the Democracy VC MicroVentures crowdfunding platform has been completed and terminated. In its offering, the Company sold $267,940 of its Series Seed Preferred Shares at $2.00 per share. | sec.gov |
| April 7, 2017 | Amendment | $100,000 | $1,000,000 | May 8, 2017 | Extending the deadline to reach the target offering amount and including 2016 financial statements reviewed by a public accountant. | sec.gov |
| February 2, 2017 | Offering | $100,000 | $1,000,000 | April 7, 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.