Data / Crowdfunding / New Jersey / Love Sun Body, Inc.
Love Sun Body, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $618,000 (2024)
Love Sun Body, Inc., a corporation in West Orange, NJ, filed a Form C with the SEC on January 16, 2024 to raise $50,000 to $618,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $348,772 in revenue and a net loss of $532,723, with 10 employees.
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- Website
- lovesunbody.com
- Funding portal
- Wefunder Portal LLC
- Address
- 50 Cummings Circle, West Orange, NJ 07052
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 18, 2021
- SEC CIK
- 0001820463
Offering terms
From the offering filed January 16, 2024.
- Security
- Preferred Stock
- Price
- $1.15
- Target
- $50,000
- Maximum
- $618,000
- Deadline
- April 29, 2024
- 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 filed January 16, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $348,772 | $127,376 | sec.gov |
| Cost of goods sold | $238,884 | $285,840 | sec.gov |
| Net income | $-532,723 | $-705,989 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $248,338 | $200,092 | sec.gov |
| Cash | $3,954 | $51,190 | sec.gov |
| Accounts receivable | $929 | $0 | sec.gov |
| Short-term debt | $462,683 | $275,079 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 16, 2024 | Offering | $50,000 | $618,000 | April 29, 2024 | sec.gov | |
| January 16, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| October 4, 2022 | Progress update | $9,999 | $534,999 | January 4, 2022 | At the close of the offering, the issuer closed on $140,253.22 and 132,050 number of securities. | sec.gov |
| January 5, 2022 | Progress update | $9,999 | $534,999 | January 4, 2022 | At the close of the offering, the issuer closed on $130,578.80 and 124,836 number of securities. | sec.gov |
| September 21, 2021 | Amendment | $9,999 | $534,999 | January 4, 2022 | Issuer made updates to the offering campaign page. | sec.gov |
| August 13, 2021 | Amendment | $9,999 | $534,999 | January 4, 2022 | Updated valuation and amount of shares outstanding | sec.gov |
| August 4, 2021 | Amendment | $9,999 | $534,999 | January 4, 2022 | Decrease maximum funding amount to $535k | sec.gov |
| August 4, 2021 | Amendment | $9,999 | $1,999,999 | January 4, 2022 | Increase amount of outstanding securities and therefore increase valuation | sec.gov |
| July 8, 2021 | Offering | $9,999 | $1,999,999 | January 4, 2022 | sec.gov | |
| July 6, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 30, 2021 | Progress update | $100,000 | $1,069,999 | December 2, 2020 | At the close of the offering, the issuer closed on $252,280.00 and 344,750 number of securities. | sec.gov |
| September 4, 2020 | Offering | $100,000 | $1,069,999 | December 2, 2020 | sec.gov |
Updated January 16, 2024. 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.