Data / Crowdfunding / California / Hive Companies, Inc.
Hive Companies, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2019)
Hive Companies, Inc., a corporation in Culver City, CA, filed a Form C with the SEC on December 9, 2019 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 9, 2020. In its most recent fiscal year it reported $2,038,139 in revenue and $203,578 in net income, with 13 employees.
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- Website
- www.hive.org
- Funding portal
- OpenDeal Portal LLC
- Address
- 6310 TOMPKINS WAY, Culver City, CA 90232
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 3, 2017
- SEC CIK
- 0001702371
Offering terms
From the amendment filed December 9, 2019.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- March 9, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-U filed March 10, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,038,139 | $1,630,783 | sec.gov |
| Cost of goods sold | $930,600 | $1,174,046 | sec.gov |
| Net income | $203,578 | $1,223,918 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $152,444 | $42,568 | sec.gov |
| Cash | $146,985 | $13,773 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $44,516 | $216,295 | sec.gov |
| Long-term debt | $1,825,843 | $1,455,837 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 10, 2020 | Progress update | $25,000 | $1,070,000 | March 9, 2020 | The Offering closed successfully on 3/9/20, having received investment commitments of $215,194, although a final accounting has not yet taken place. | sec.gov |
| December 9, 2019 | Amendment | $25,000 | $1,070,000 | March 9, 2020 | The jurisdictions where securities are offered is showing only Utah in the online form whereas it should be all 50 states. Error corrected in this amendment. | sec.gov |
| December 6, 2019 | Offering | $25,000 | $1,070,000 | March 9, 2020 | sec.gov |
Updated March 10, 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.