Data / Crowdfunding / Pennsylvania / Flexable LLC
Flexable LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $481,500 (2020)
Flexable LLC, a limited liability company in Bethel Park, PA, filed a Form C with the SEC on May 12, 2020 to raise $25,000 to $481,500 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 31, 2020. In its most recent fiscal year it reported $69,358 in revenue and a net loss of $295,442.
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- Website
- www.flexablecare.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 4607 LIBRARY ROAD, Bethel Park, PA 15102
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- July 13, 2016
- SEC CIK
- 0001793655
Offering terms
From the offering filed May 12, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $481,500
- Deadline
- December 31, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR filed May 25, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $69,358 | $123,895 | sec.gov |
| Cost of goods sold | $221,284 | $0 | sec.gov |
| Net income | $-295,442 | $-152,471 | sec.gov |
| Taxes paid | $182 | $0 | sec.gov |
| Total assets | $64,378 | $17,948 | sec.gov |
| Cash | $56,776 | $10,462 | sec.gov |
| Accounts receivable | $1,699 | $5,538 | sec.gov |
| Short-term debt | $27,000 | $10,972 | sec.gov |
| Long-term debt | $765,920 | $402,047 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 21, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 25, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 1, 2021 | Progress update | $25,000 | $481,500 | December 31, 2020 | The Offering closed successfully on 01/01/2021, having received funded and completed investment commitments of $47,703.00, as determined following the final accounting. | sec.gov |
| May 12, 2020 | Offering | $25,000 | $481,500 | December 31, 2020 | sec.gov | |
| May 12, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 4, 2020 | Progress update | $25,000 | $107,000 | February 18, 2020 | Total raised $52,500 | sec.gov |
| November 18, 2019 | Amendment | $25,000 | $107,000 | February 18, 2020 | Amended target amount and target end date. | sec.gov |
| November 8, 2019 | Offering | $50,000 | $107,000 | December 23, 2019 | sec.gov |
Updated October 21, 2021. 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.