Data / Crowdfunding / California / Lips Co.
Lips Co.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2021)
Lips Co., a corporation in San Francisco, CA, filed a Form C with the SEC on July 28, 2021 to raise $50,000 to $250,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $140 in revenue and a net loss of $160,406, with 1 employees.
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- Website
- reliabl.ai
- Funding portal
- Wefunder Portal LLC
- Address
- 828 Jonest St Apt 48, San Francisco, CA 94109
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 15, 2019
- SEC CIK
- 0001875066
Offering terms
From the offering filed July 28, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% 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 February 17, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $140 | $0 | sec.gov |
| Cost of goods sold | $347 | $29 | sec.gov |
| Net income | $-160,406 | $-35,453 | sec.gov |
| Taxes paid | $9,995 | $0 | sec.gov |
| Total assets | $204,855 | $131,056 | sec.gov |
| Cash | $60,948 | $11,443 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $128,205 | $102,873 | sec.gov |
| Long-term debt | $392,005 | $177,005 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 17, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| July 28, 2021 | Offering | $50,000 | $250,000 | April 30, 2022 | sec.gov |
Updated February 17, 2026. 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.