Data / Crowdfunding / Arizona / Phat Scooters, Inc.
Phat Scooters, Inc.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,070,000 (2020)
Phat Scooters, Inc., a corporation in Phoenix, AZ, filed a Form C with the SEC on August 24, 2020 to raise $250,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on December 2, 2020. In its most recent fiscal year it reported $2,747,843 in revenue and a net loss of $781,843, with 50 employees.
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- Website
- www.phatscooters.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3637 E Miami Dr, Phoenix, AZ 85040
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 12, 2017
- SEC CIK
- 0001820473
Offering terms
From the offering filed August 24, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,070,000
- Deadline
- December 2, 2020
- Portal compensation
- 6.5% 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 August 24, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,747,843 | $2,163,035 | sec.gov |
| Cost of goods sold | $709,065 | $857,728 | sec.gov |
| Net income | $-781,843 | $-364,765 | sec.gov |
| Taxes paid | $21,130 | $0 | sec.gov |
| Total assets | $4,662,458 | $520,040 | sec.gov |
| Cash | $36,385 | $128,245 | sec.gov |
| Accounts receivable | $22,666 | $46,817 | sec.gov |
| Short-term debt | $4,242,455 | $176,128 | sec.gov |
| Long-term debt | $527,497 | $32,377 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 24, 2020 | Offering | $250,000 | $1,070,000 | December 2, 2020 | sec.gov |
Updated August 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.