Data / Crowdfunding / Washington / Fuchsia Shoes Inc
Fuchsia Shoes Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $500,000 (2020)
Fuchsia Shoes Inc, a corporation in Bothell, WA, filed a Form C with the SEC on April 21, 2020 to raise $50,000 to $500,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2020. In its most recent fiscal year it reported $129,749 in revenue and a net loss of $56,946, with 3 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- fuchsiashoes.com
- Funding portal
- Wefunder Portal LLC
- Address
- 16325 118th ln NE, Bothell, WA 98011
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 3, 2016
- SEC CIK
- 0001800827
Offering terms
From the amendment filed April 21, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- April 29, 2020
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed April 21, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $129,749 | $119,092 | sec.gov |
| Cost of goods sold | $68,097 | $72,177 | sec.gov |
| Net income | $-56,946 | $-68,838 | sec.gov |
| Taxes paid | $0 | $1,210 | sec.gov |
| Total assets | $26,520 | $27,484 | sec.gov |
| Cash | $15,020 | $15,984 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $106,398 | $82,402 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 21, 2020 | Amendment | $50,000 | $500,000 | April 29, 2020 | Lower the fundraise target to $50K | sec.gov |
| January 30, 2020 | Offering | $100,000 | $500,000 | April 30, 2020 | sec.gov |
Updated April 21, 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.