Data / Crowdfunding / Colorado / Locai Solutions Inc
Locai Solutions Inc: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2019)
Locai Solutions Inc, a corporation in Denver, CO, filed a Form C with the SEC on September 6, 2019 to raise $25,000 to $1,070,000 in preferred stock through SI SECURITIES, LLC. The offering closed on November 15, 2019. In its most recent fiscal year it reported $160,080 in revenue and $1,535,190 in net income, with 10 employees.
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- Website
- www.locaisolutions.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 2796 S BOSTON COURT, Denver, CO 80231
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 5, 2018
- SEC CIK
- 0001729668
Offering terms
From the offering filed September 6, 2019.
- Security
- Preferred Stock
- Price
- $0.26
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 15, 2019
- Portal compensation
- 7.5% of the amount raised.
Financials
From the Form C-AR filed April 30, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $160,080 | $54,376 | sec.gov |
| Cost of goods sold | $116,036 | $13,514 | sec.gov |
| Net income | $1,535,190 | $911,566 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,300,054 | $1,606,280 | sec.gov |
| Cash | $262,527 | $589,739 | sec.gov |
| Accounts receivable | $18,693 | $8,000 | sec.gov |
| Short-term debt | $239,342 | $293,939 | sec.gov |
| Long-term debt | $2,736,719 | $2,215,906 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| November 13, 2019 | Progress update | $25,000 | $1,070,000 | November 15, 2019 | The issuer raised approximately $104,243 during the offering period. Payment are still being processed; the exact amount has yet to be determined. | sec.gov |
| September 6, 2019 | Offering | $25,000 | $1,070,000 | November 15, 2019 | sec.gov |
Updated April 22, 2021. 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.