Data / Crowdfunding / Texas / LockedBrands, LLC
LockedBrands, LLC: crowdfunding raise on Wefunder Portal LLC, $150,000 to $1,070,000 (2020)
LockedBrands, LLC, a limited liability company in Rockwall, TX, filed a Form C with the SEC on August 3, 2020 to raise $150,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on December 2, 2020. In its most recent fiscal year it reported $26,392 in revenue and a net loss of $281,781, with 6 employees.
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- Website
- www.lockedbrands.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4424 State Hwy 276, Rockwall, TX 75032
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- June 28, 2019
- SEC CIK
- 0001781230
Offering terms
From the offering filed August 3, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $150,000
- Maximum
- $1,070,000
- Deadline
- December 2, 2020
- Portal compensation
- 7.5% 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 filed August 3, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,392 | $0 | sec.gov |
| Cost of goods sold | $37,831 | $0 | sec.gov |
| Net income | $-281,781 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $463,007 | $217,436 | sec.gov |
| Cash | $103,856 | $25,032 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $19,416 | $27,964 | sec.gov |
| Long-term debt | $34,372 | $23,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 3, 2020 | Offering | $150,000 | $1,070,000 | December 2, 2020 | sec.gov |
Updated August 3, 2020. 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.