Data / Crowdfunding / Maryland / PIXILATED LLC
PIXILATED LLC: crowdfunding raise on First Democracy VC, $25,000 to $107,000 (2018)
PIXILATED LLC, a limited liability company in Baltimore, MD, filed a Form C with the SEC on July 18, 2018 to raise $25,000 to $107,000 in Crowd Note through First Democracy VC. The offering closed on July 30, 2018. In its most recent fiscal year it reported $755,421 in revenue and a net loss of $11,015, with 5 employees.
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- Website
- www.pixilated.com
- Funding portal
- First Democracy VC
- Address
- 3200 JAMES STREET, Baltimore, MD 21230
- Legal form
- Limited Liability Company
- Jurisdiction
- MD
- Incorporated
- January 5, 2012
- SEC CIK
- 0001738944
Offering terms
From the amendment filed July 18, 2018.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- July 30, 2018
- Portal compensation
- The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of 7% commission based on the amount of investments raised in the offering and paid upon disbursement of funds from escrow at the time of closing.
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $755,421 | $694,505 | sec.gov |
| Cost of goods sold | $125,255 | $194,878 | sec.gov |
| Net income | $-11,015 | $-424,344 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $118,894 | $239,251 | sec.gov |
| Cash | $39,677 | $127,950 | sec.gov |
| Accounts receivable | $50,481 | $70,267 | sec.gov |
| Short-term debt | $48,952 | $85,101 | sec.gov |
| Long-term debt | $274,264 | $189,812 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| August 1, 2018 | Progress update | $25,000 | $107,000 | July 30, 2018 | $63,419.00. Payments are still being processed; final number is yet to be determined. | sec.gov |
| July 18, 2018 | Amendment | $25,000 | $107,000 | July 30, 2018 | Adding transcript for webinar (attached as Exhibit F to Form C). | sec.gov |
| June 26, 2018 | Amendment | $25,000 | $107,000 | July 30, 2018 | Extending Offering deadline to July 30, 2018 | sec.gov |
| May 24, 2018 | Amendment | $25,000 | $107,000 | June 27, 2018 | Update the Crowd Note to correctly reflect the terms of the investment. | sec.gov |
| May 14, 2018 | Amendment | $25,000 | $107,000 | June 27, 2018 | Added disclosure (Page 4) that one Manager of the Company has made a $5,000 investment in the Offering. | sec.gov |
| May 14, 2018 | Amendment | $25,000 | $107,000 | June 27, 2018 | Added disclosure (Page 4) that one Manager of the Company has made a $5,000 investment in the Offering. | sec.gov |
| May 10, 2018 | Offering | $25,000 | $107,000 | June 27, 2018 | sec.gov |
Updated April 26, 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.