Data / Crowdfunding / Washington / Lulabop, Inc.
Lulabop, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2020)
Lulabop, Inc., a corporation in Seattle, WA, filed a Form C with the SEC on August 4, 2020 to raise $25,000 to $1,070,000 in preferred stock through SI SECURITIES, LLC. The offering closed on September 18, 2020. In its most recent fiscal year it reported $2,383,072 in revenue and a net loss of $348,498, with 3 employees.
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- Website
- www.myheroclip.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 3815 S OTHELLO ST STE 100 #342, Seattle, WA 98118
- Legal form
- Corporation
- Jurisdiction
- WA
- Incorporated
- November 30, 2015
- SEC CIK
- 0001700868
Offering terms
From the amendment filed August 4, 2020.
- Security
- Preferred Stock
- Price
- $1.03
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 18, 2020
- Portal compensation
- Cash equal to 7.5% of the amount raised in this offering
Financials
From the Form C-AR filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,383,072 | $2,020,584 | sec.gov |
| Cost of goods sold | $993,287 | $721,562 | sec.gov |
| Net income | $-348,498 | $-399,998 | sec.gov |
| Taxes paid | $1,169 | $0 | sec.gov |
| Total assets | $981,685 | $936,891 | sec.gov |
| Cash | $329,247 | $281,983 | sec.gov |
| Accounts receivable | $121,394 | $142,588 | sec.gov |
| Short-term debt | $1,028,236 | $1,025,792 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 17, 2020 | Progress update | $25,000 | $1,070,000 | September 18, 2020 | The issuer raised approximately $120,173.47 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| August 4, 2020 | Amendment | $25,000 | $1,070,000 | September 18, 2020 | To reduce the escrow target minimum from $1,562,000 to $1,382,000 (to account for and disclose the investments from affiliates of the company) | sec.gov |
| July 17, 2020 | Offering | $25,000 | $1,070,000 | September 18, 2020 | sec.gov |
Updated May 5, 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.