Data / Crowdfunding / Connecticut / Minds, Inc.
Minds, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,000,000 (2017)
Minds, Inc., a corporation in Wilton, CT, filed a Form C with the SEC on August 11, 2017 to raise $100,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on August 11, 2017. In its most recent fiscal year it reported $129,335 in revenue and a net loss of $2,369,003, with 10 employees.
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- Website
- minds.com
- Funding portal
- Wefunder Portal LLC
- Address
- PO BOX 7681, Wilton, CT 06897
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 11, 2011
- SEC CIK
- 0001703996
Offering terms
From the amendment filed August 11, 2017.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- August 11, 2017
- Portal compensation
- 4.0% 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 June 22, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $129,335 | $120,127 | sec.gov |
| Cost of goods sold | $340,925 | $128,137 | sec.gov |
| Net income | $-2,369,003 | $-1,159,072 | sec.gov |
| Taxes paid | $-488 | $-2,519 | sec.gov |
| Total assets | $2,698,400 | $4,962,764 | sec.gov |
| Cash | $2,449,738 | $4,864,415 | sec.gov |
| Accounts receivable | $10,747 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 22, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 24, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| August 11, 2017 | Amendment | $100,000 | $1,000,000 | August 11, 2017 | Include video transcripts, changed deadline date to June 9, and updated business plan. | sec.gov |
| June 7, 2017 | Amendment | $100,000 | $1,000,000 | June 9, 2017 | Include video transcripts, changed deadline date to June 9, and updated business plan. | sec.gov |
| May 5, 2017 | Offering | $100,000 | $1,000,000 | October 31, 2017 | sec.gov |
Updated June 22, 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.