Data / Crowdfunding / Texas / Personal Airline Exchange, Inc.
Personal Airline Exchange, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $618,000 (2023)
Personal Airline Exchange, Inc., a corporation in Dripping Springs, TX, filed a Form C with the SEC on December 21, 2023 to raise $50,000 to $618,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $128,910 in revenue and a net loss of $282,191, with 3 employees.
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- Website
- www.flywingtips.com/home
- Funding portal
- Wefunder Portal LLC
- Address
- 170 BUNKER RANCH BLVD., UNIT 15, Dripping Springs, TX 78620
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 9, 2008
- SEC CIK
- 0001718275
Offering terms
From the offering filed December 21, 2023.
- Security
- Convertible Note
- 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-AR filed April 24, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $128,910 | $151,000 | sec.gov |
| Cost of goods sold | $92,325 | $165,000 | sec.gov |
| Net income | $-282,191 | $-533,321 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $30,997 | $131,589 | sec.gov |
| Cash | $30,997 | $131,589 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $26,000 | $19,000 | sec.gov |
| Long-term debt | $1,377,152 | $1,292,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| December 21, 2023 | Offering | $50,000 | $618,000 | April 29, 2024 | sec.gov | |
| March 7, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 15, 2022 | Offering | $50,000 | $535,000 | April 30, 2023 | sec.gov | |
| April 29, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| November 20, 2019 | Progress update | $10,000 | $107,000 | November 12, 2019 | The amount raised at the time of closing is $18,659. | sec.gov |
| September 9, 2019 | Amendment | $10,000 | $107,000 | November 12, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| June 17, 2019 | Amendment | $10,000 | $107,000 | September 13, 2019 | Updating Offering Document | sec.gov |
| June 17, 2019 | Offering | $10,000 | $107,000 | September 13, 2019 | sec.gov | |
| May 13, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| August 2, 2018 | Progress update | $10,000 | $107,000 | December 29, 2017 | At the end of the offering the issuer closed on 30,100 securities and $30,100. | sec.gov |
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 3, 2018 | Progress update | $10,000 | $107,000 | December 29, 2017 | At the close of offering the issuer sold 32,175 securities for $32,175. | sec.gov |
| October 2, 2017 | Offering | $10,000 | $107,000 | December 29, 2017 | sec.gov |
Updated April 24, 2024. 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.