Data / Crowdfunding / South Carolina / Kutt, Inc.
Kutt, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,000,000 (2024)
Kutt, Inc., a corporation in Gilbert, SC, filed a Form C with the SEC on December 10, 2024 to raise $50,000 to $1,000,000 in SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 9, 2025. In its most recent fiscal year it reported $506,442 in revenue and a net loss of $711,191, with 2 employees.
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- Website
- www.kutt.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 255 JETER ROAD, Gilbert, SC 29054
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 14, 2019
- SEC CIK
- 0002008640
Offering terms
From the offering filed December 10, 2024.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- March 9, 2025
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of: (A) a fee consisting of (1) 0% of amounts raised up to $100,000.00 and (2) 4% of amounts raised between $100,000.01 and $5,000,000.00, or (B) a cash fee of $15,000.00.
Financials
From the Form C-AR filed April 25, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $506,442 | $187,329 | sec.gov |
| Cost of goods sold | $441,636 | $255,859 | sec.gov |
| Net income | $-711,191 | $-376,148 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $369,704 | $294,922 | sec.gov |
| Cash | $252,027 | $81,995 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $323,511 | $407,968 | sec.gov |
| Long-term debt | $0 | $451,002 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 25, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 25, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| March 14, 2025 | Progress update | $50,000 | $1,000,000 | March 9, 2025 | The Offering closed successfully on 3/10/2025, having received investment commitments of $105,658, although a final accounting has not taken place. | sec.gov |
| December 10, 2024 | Offering | $50,000 | $1,000,000 | March 9, 2025 | sec.gov |
Also on SpecStream
Updated April 25, 2025. 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.