Data / Crowdfunding / Michigan / MySwimPro, Inc.
MySwimPro, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $618,000 (2023)
MySwimPro, Inc., a corporation in Ann Arbor, MI, filed a Form C with the SEC on September 29, 2023 to raise $50,000 to $618,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $1,674,127 in revenue and a net loss of $591,688, with 12 employees.
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- Website
- myswimpro.com
- Funding portal
- Wefunder Portal LLC
- Address
- 206 East Huron Street, Ann Arbor, MI 48104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 23, 2015
- SEC CIK
- 0001703592
Offering terms
From the offering filed September 29, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $618,000
- Deadline
- April 29, 2024
- 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 September 29, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,674,127 | $1,262,582 | sec.gov |
| Cost of goods sold | $246,462 | $203,361 | sec.gov |
| Net income | $-591,688 | $-209,981 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $605,390 | $703,701 | sec.gov |
| Cash | $502,783 | $162,161 | sec.gov |
| Accounts receivable | $102,607 | $66,602 | sec.gov |
| Short-term debt | $630,051 | $468,127 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 29, 2023 | Offering | $50,000 | $618,000 | April 29, 2024 | sec.gov | |
| September 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| November 8, 2021 | Offering | $50,000 | $5,000,000 | April 30, 2022 | sec.gov | |
| April 27, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 8, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 17, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| February 8, 2019 | Offering | $100,000 | $1,000,000 | April 26, 2019 | sec.gov | |
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 29, 2018 | Progress update | $100,000 | $1,000,000 | August 31, 2017 | $165,530.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| August 28, 2017 | Amendment | $100,000 | $1,000,000 | August 31, 2017 | Include video transcripts. Include latest snapshot of business plan. | sec.gov |
| July 26, 2017 | Amendment | $100,000 | $1,000,000 | August 31, 2017 | Extend deadline date, include updated business plan and pitch deck. | sec.gov |
| April 18, 2017 | Offering | $100,000 | $1,000,000 | July 17, 2017 | sec.gov |
Updated September 29, 2023. 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.