Data / Crowdfunding / Delaware / Jack Lilly LLC
Jack Lilly LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
Jack Lilly LLC, a limited liability company in Claymont, DE, filed a Form C with the SEC on August 24, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 26, 2022. In its most recent fiscal year it reported $6,883,156 in revenue and a net loss of $1,773,026, with 8 employees.
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- Website
- comradsocks.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2803 PHILADELPHIA PIKE SUITE B #322, Claymont, DE 19703
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- October 8, 2015
- SEC CIK
- 0001760726
Offering terms
From the offering filed August 24, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 26, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,883,156 | $4,297,364 | sec.gov |
| Cost of goods sold | $1,787,752 | $946,144 | sec.gov |
| Net income | $-1,773,026 | $-1,644,286 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,380,488 | $1,325,748 | sec.gov |
| Cash | $368,811 | $414,282 | sec.gov |
| Accounts receivable | $23,556 | $0 | sec.gov |
| Short-term debt | $2,281,252 | $3,878,132 | sec.gov |
| Long-term debt | $4,188,917 | $649,533 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| December 29, 2022 | Progress update | $25,000 | $1,070,000 | December 26, 2022 | The Offering closed successfully on 12/27/2022, having received investment commitments of $82,497, although a final accounting has not taken place. | sec.gov |
| August 24, 2022 | Offering | $25,000 | $1,070,000 | December 26, 2022 | sec.gov |
Updated April 28, 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.