Data / Crowdfunding / California / Oakwood Ave., LLC
Oakwood Ave., LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $500,000 (2020)
Oakwood Ave., LLC, a limited liability company in Los Angeles, CA, filed a Form C with the SEC on December 17, 2020 to raise $25,000 to $500,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 15, 2021. In its most recent fiscal year it reported $274,041 in revenue and a net loss of $45,898, with 2 employees.
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- Website
- dope.dog
- Funding portal
- OpenDeal Portal LLC
- Address
- 2418 DALLAS STREET, Los Angeles, CA 90031
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- July 3, 2017
- SEC CIK
- 0001821328
Offering terms
From the amendment filed December 17, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- March 15, 2021
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $274,041 | $224,512 | sec.gov |
| Cost of goods sold | $134,261 | $50,336 | sec.gov |
| Net income | $-45,898 | $10,865 | sec.gov |
| Taxes paid | $800 | $2,031 | sec.gov |
| Total assets | $63,695 | $14,481 | sec.gov |
| Cash | $15,131 | $1,224 | sec.gov |
| Accounts receivable | $6,660 | $0 | sec.gov |
| Short-term debt | $38,585 | $22,777 | sec.gov |
| Long-term debt | $74,345 | $74,700 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 19, 2021 | Progress update | $25,000 | $500,000 | March 15, 2021 | The Offering closed successfully on March 18, 2021, having received investment commitments of $124,185, although a final accounting has not taken place. | sec.gov |
| December 17, 2020 | Amendment | $25,000 | $500,000 | March 15, 2021 | Company has changed the terns of the Crowd SAFE to allow for a 20% discount | sec.gov |
| November 16, 2020 | Amendment | $25,000 | $500,000 | March 15, 2021 | Company has made immaterial changes to the Crowd SAFE | sec.gov |
| November 13, 2020 | Offering | $25,000 | $500,000 | March 15, 2021 | sec.gov |
Updated May 6, 2022. 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.