Data / Crowdfunding / Colorado / Kicks Industries, Inc.
Kicks Industries, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Kicks Industries, Inc., a corporation in Denver, CO, filed a Form C with the SEC on April 29, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 15, 2021. In its most recent fiscal year it reported $1,042,942 in revenue and a net loss of $349,688, with 2 employees.
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- Website
- golfkicks.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 621 KALAMATH ST. #175, Denver, CO 80204
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 27, 2020
- SEC CIK
- 0001747807
Offering terms
From the offering filed April 29, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 15, 2021
- 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 27, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,042,942 | $909,155 | sec.gov |
| Cost of goods sold | $590,543 | $404,993 | sec.gov |
| Net income | $-349,688 | $-23,924 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $467,888 | $313,311 | sec.gov |
| Cash | $157,936 | $135,391 | sec.gov |
| Accounts receivable | $5,530 | $1,274 | sec.gov |
| Short-term debt | $138,793 | $104,984 | sec.gov |
| Long-term debt | $428,288 | $78,729 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 10, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| September 16, 2021 | Progress update | $25,000 | $1,070,000 | September 15, 2021 | The Offering closed successfully on 09/16/2021, having received investment commitments of $132,563.10, although a final accounting has not taken place | sec.gov |
| April 29, 2021 | Offering | $25,000 | $1,070,000 | September 15, 2021 | sec.gov |
Also on SpecStream
Updated March 10, 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.