Data / Crowdfunding / Utah / Indy Brand Clothing, LLC
Indy Brand Clothing, LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $499,999 (2020)
Indy Brand Clothing, LLC, a limited liability company in Orem, UT, filed a Form C with the SEC on July 16, 2020 to raise $50,000 to $499,999 in preferred stock through Wefunder Portal LLC. The offering closed on July 31, 2020. In its most recent fiscal year it reported $1,639,949 in revenue and $24,621 in net income, with 4 employees.
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- Website
- www.indybrandclothing.com
- Funding portal
- Wefunder Portal LLC
- Address
- 965 N 1430 W, Orem, UT 84057
- Legal form
- Limited Liability Company
- Jurisdiction
- UT
- Incorporated
- February 4, 2014
- SEC CIK
- 0001804169
Offering terms
From the amendment filed July 16, 2020.
- Security
- Preferred Stock
- Price
- $1.25
- Target
- $50,000
- Maximum
- $499,999
- Deadline
- July 31, 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 July 16, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,639,949 | $983,703 | sec.gov |
| Cost of goods sold | $685,761 | $408,700 | sec.gov |
| Net income | $24,621 | $55,903 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $97,657 | $70,349 | sec.gov |
| Cash | $8,938 | $21,439 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $136,918 | $65,305 | sec.gov |
| Long-term debt | $72,512 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 16, 2020 | Amendment | $50,000 | $499,999 | July 31, 2020 | Added a Lead Investor. | sec.gov |
| March 12, 2020 | Offering | $50,000 | $499,999 | May 29, 2020 | sec.gov |
Updated July 16, 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.