Data / Crowdfunding / Oklahoma / Infinite Composites, Inc.
Infinite Composites, Inc.: crowdfunding raise on SV Portal LLC, $100,000 to $1,070,000 (2021)
Infinite Composites, Inc., a corporation in Tulsa, OK, filed a Form C with the SEC on October 20, 2021 to raise $100,000 to $1,070,000 in Nonvoting Common Stock through SV Portal LLC. The offering closed on April 20, 2022. In its most recent fiscal year it reported $1,677,933 in revenue and a net loss of $513,703, with 16 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
- www.infinitecomposites.com
- Funding portal
- SV Portal LLC
- Address
- 10738 E 55TH PLACE, Tulsa, OK 74146
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 1, 2010
- SEC CIK
- 0001877339
Offering terms
From the offering filed October 20, 2021.
- Security
- Nonvoting Common Stock
- Price
- $3.41
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- April 20, 2022
- Portal compensation
- 8% of amount raised as a cash commission.
Financials
From the Form C-AR filed April 4, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,677,933 | $2,176,751 | sec.gov |
| Cost of goods sold | $529,501 | $302,715 | sec.gov |
| Net income | $-513,703 | $121,469 | sec.gov |
| Taxes paid | $11,646 | $5,369 | sec.gov |
| Total assets | $2,175,643 | $2,192,353 | sec.gov |
| Cash | $23,933 | $124,507 | sec.gov |
| Accounts receivable | $139,905 | $562,400 | sec.gov |
| Short-term debt | $25,000 | $30,000 | sec.gov |
| Long-term debt | $480,715 | $2,564,109 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 4, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 4, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 4, 2023 | Withdrawal | Not listed | Not listed | sec.gov | ||
| April 4, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 3, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Progress update | $100,000 | $1,070,000 | April 20, 2022 | The company has reached its target date for its offering and anticipates closing on approximately $514,252 in gross proceeds. | sec.gov |
| October 20, 2021 | Offering | $100,000 | $1,070,000 | April 20, 2022 | sec.gov |
Updated April 4, 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.