Data / Crowdfunding / California / OODLES CORPORATION
OODLES CORPORATION: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
OODLES CORPORATION, a corporation in San Ramon, CA, filed a Form C with the SEC on March 24, 2020 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on July 3, 2020. In its most recent fiscal year it reported $42,203 in revenue and a net loss of $308,121, with 4 employees.
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- Website
- www.oodlescorp.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3626 Sandalford Way, San Ramon, CA 94582
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 10, 2017
- SEC CIK
- 0001707572
Offering terms
From the amendment filed March 24, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- July 3, 2020
- Portal compensation
- <p>6.0% 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.</p>
Financials
From the Form C/A filed March 24, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $42,203 | $9,301 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-308,121 | $-161,565 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $222,359 | $59,211 | sec.gov |
| Cash | $187,683 | $28,910 | sec.gov |
| Accounts receivable | $9,886 | $2,412 | sec.gov |
| Short-term debt | $17,662 | $894 | sec.gov |
| Long-term debt | $28,600 | $28,600 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 24, 2020 | Amendment | $50,000 | $1,070,000 | July 3, 2020 | Added reviewed 2019 financials; extended deadline date | sec.gov |
| December 24, 2019 | Offering | $50,000 | $1,070,000 | April 17, 2020 | sec.gov | |
| August 29, 2018 | Progress update | $100,000 | $963,000 | August 20, 2018 | The final number is $110,689.00 in investments. | sec.gov |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| March 9, 2018 | Offering | $100,000 | $963,000 | September 7, 2018 | sec.gov | |
| February 27, 2018 | Progress update | $107,000 | Not listed | August 25, 2017 | The final number is $107,000.00 in investments. | sec.gov |
| August 21, 2017 | Amendment | $107,000 | Not listed | August 25, 2017 | Move deadline date to Aug 25th | sec.gov |
| June 19, 2017 | Offering | $107,000 | Not listed | December 13, 2017 | sec.gov |
Updated March 24, 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.