Data / Crowdfunding / Texas / Lavabit, LLC
Lavabit, LLC: crowdfunding raise on OpenDeal Portal LLC, $150,000 to $1,070,000 (2019)
Lavabit, LLC, a limited liability company in Dallas, TX, filed a Form C with the SEC on January 3, 2019 to raise $150,000 to $1,070,000 in Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 31, 2019. In its most recent fiscal year it reported $42,861 in revenue and a net loss of $255,727, with 2 employees.
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- Website
- lavabit.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 5930 ROYAL LANE STE E #382 5930 ROYAL LANE STE E #382, Dallas, TX 75230
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- July 2, 2004
- SEC CIK
- 0001747795
Offering terms
From the amendment filed January 3, 2019.
- Security
- Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $150,000
- Maximum
- $1,070,000
- Deadline
- March 31, 2019
- Portal compensation
- 6.0% of the amount raised
Financials
From the Form C-AR filed June 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $42,861 | $36,762 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-255,727 | $2,996 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $248,856 | $28,201 | sec.gov |
| Cash | $202,766 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $476,382 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 2, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| June 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| June 25, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 5, 2019 | Progress update | $150,000 | $1,070,000 | March 31, 2019 | The offering received investment commitments $476,382 on April 1, 2019, although a final accounting has not taken place. | sec.gov |
| January 3, 2019 | Amendment | $150,000 | $1,070,000 | March 31, 2019 | The Form C filed on December 28, 2018 is hereby amended to correct a typographical error, the Company's zip code should have listed 75230. | sec.gov |
| December 31, 2018 | Offering | $150,000 | $1,070,000 | March 31, 2019 | sec.gov |
Updated June 2, 2022. 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.