Data / Crowdfunding / Texas / Kwame Palace LLC
Kwame Palace LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $100,000 (2018)
Kwame Palace LLC, a limited liability company in Fort Worth, TX, filed a Form C with the SEC on February 20, 2018 to raise $50,000 to $100,000 in debt through Wefunder Portal LLC. The offering closed on August 17, 2018. In its most recent fiscal year it reported $95,180 in revenue and a net loss of $2,006, with 3 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.kwamebaah.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3515 Sycamore School Rd, Fort Worth, TX 76133
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- January 7, 2008
- SEC CIK
- 0001731834
Offering terms
From the offering filed February 20, 2018.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- August 17, 2018
- Portal compensation
- 5.0% 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-AR filed March 27, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $95,180 | $135,200 | sec.gov |
| Cost of goods sold | $25,590 | $40,500 | sec.gov |
| Net income | $-2,006 | $28,089 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $297,443 | $265,426 | sec.gov |
| Cash | $187,663 | $210,646 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $8,540 | $15,000 | sec.gov |
| Long-term debt | $56,100 | $64,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 27, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| February 20, 2018 | Offering | $50,000 | $100,000 | August 17, 2018 | sec.gov |
Updated March 27, 2019. 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.