Data / Crowdfunding / California / Genius Juice, LLC
Genius Juice, LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $618,000 (2022)
Genius Juice, LLC, a limited liability company in Torrence, CA, filed a Form C with the SEC on December 30, 2022 to raise $25,000 to $618,000 in Crowd Safe (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 2, 2023. In its most recent fiscal year it reported $2,097,333 in revenue and a net loss of $2,098,615.
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- Website
- www.geniusjuice.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 21143 HAWTHORNE BOULEVARD UNIT 295, Torrence, CA 90503
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- January 8, 2014
- SEC CIK
- 0001796106
Offering terms
From the offering filed December 30, 2022.
- Security
- Crowd Safe (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $618,000
- Deadline
- March 2, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of five and four tenths percent (5.4%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed March 10, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,097,333 | $1,654,154 | sec.gov |
| Cost of goods sold | $2,651,239 | $2,061,888 | sec.gov |
| Net income | $-2,098,615 | $-1,639,011 | sec.gov |
| Taxes paid | $2,737 | $1,659 | sec.gov |
| Total assets | $1,034,248 | $1,066,049 | sec.gov |
| Cash | $120,667 | $426,739 | sec.gov |
| Accounts receivable | $134,388 | $120,567 | sec.gov |
| Short-term debt | $173,537 | $650,516 | sec.gov |
| Long-term debt | $5,538,477 | $3,093,018 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 10, 2023 | Progress update | $25,000 | $618,000 | March 2, 2023 | The Offering closed successfully on 3/3/2023, having received investment commitments of $31,700, although a final accounting has not taken place. | sec.gov |
| December 30, 2022 | Offering | $25,000 | $618,000 | March 2, 2023 | sec.gov | |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| September 14, 2021 | Progress update | $25,000 | $1,070,000 | September 15, 2021 | The Offering closed successfully on 9/14/2021, having received investment commitments of $1,085,513.00, although a final accounting has not taken place. | sec.gov |
| April 29, 2021 | Amendment | $25,000 | $1,070,000 | September 15, 2021 | This amendment will change: the Maximum Offering Amount, the Offering Deadline, disclose 2 intermediate closings, replace the financial statements with audited financial statements, and update the previous offerings and capitalization information. | sec.gov |
| December 11, 2020 | Amendment | $25,000 | $593,165 | April 30, 2021 | Company is updating its Offering Maximum | sec.gov |
| December 11, 2020 | Amendment | $25,000 | $593,165 | April 30, 2021 | Company is updating its Offering Maximum | sec.gov |
| December 11, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 10, 2020 | Progress update | $50,000 | $1,070,000 | May 31, 2020 | The Offering closed successfully on 04/08/2020, having received investment commitments of $476,835. | sec.gov |
| December 8, 2020 | Offering | $25,000 | $1,070,000 | April 30, 2021 | sec.gov | |
| March 27, 2020 | Amendment | $50,000 | $1,070,000 | May 31, 2020 | Adding reviewed 2019 financials; extended deadline date | sec.gov |
| December 17, 2019 | Offering | $50,000 | $1,070,000 | April 10, 2020 | sec.gov |
Updated March 10, 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.