Data / Crowdfunding / Minnesota / Ideation, LLC
Ideation, LLC: crowdfunding raise on VAS Portal, LLC, $250,000 to $1,235,000 (2024)
Ideation, LLC, a limited liability company in Woodbury, MN, filed a Form C with the SEC on April 18, 2024 to raise $250,000 to $1,235,000 in Revenue Participation Rights through VAS Portal, LLC. The offering closed on May 9, 2024. In its most recent fiscal year it reported $0 in revenue and $1,884,381 in net income, with 2 employees.
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- Website
- thesightmovie.com
- Funding portal
- VAS Portal, LLC
- Address
- 6923 LYDIA LANE, Woodbury, MN 55125
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- September 19, 2019
- SEC CIK
- 0002019773
Offering terms
From the offering filed April 18, 2024.
- Security
- Revenue Participation Rights
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,235,000
- Deadline
- May 9, 2024
- Portal compensation
- Four percent (4%) of the successful amount raised in cash, plus reimbursements for any out- of-pocket expenses incurred by the portal with third-party service providers in connection with the offering.
Financials
From the Form C-U filed May 17, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $1,884,381 | $180,557 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $10,568,451 | $10,211,852 | sec.gov |
| Cash | $5,169 | $60,238 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 17, 2024 | Progress update | $250,000 | $1,235,000 | May 9, 2024 | The offering ended with $1,235,000. | sec.gov |
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 18, 2024 | Offering | $250,000 | $1,235,000 | May 9, 2024 | sec.gov |
Updated May 17, 2024. 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.