Data / Crowdfunding / California / Plant Power Encinitas, LLC
Plant Power Encinitas, LLC: crowdfunding raise on First Democracy VC, $50,000 to $400,000 (2017)
Plant Power Encinitas, LLC, a limited liability company in Encinitas, CA, filed a Form C with the SEC on March 31, 2017 to raise $50,000 to $400,000 in SAFE (Simple Agreement for Future Equity) through First Democracy VC. The offering closed on May 15, 2017. In its most recent fiscal year it reported $0 in revenue and a net loss of $60,940, with 3 employees.
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- Website
- www.plantpowerfastfood.com
- Funding portal
- First Democracy VC
- Address
- 411 SANTA FE DRIVE, Encinitas, CA 92024
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- July 6, 2015
- SEC CIK
- 0001700351
Offering terms
From the offering filed March 31, 2017.
- Security
- SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $400,000
- Deadline
- May 15, 2017
- Portal compensation
- 7.0% and $0.00
Financials
From the Form C-U filed August 30, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-60,940 | $-4,445 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $616,143 | $235,797 | sec.gov |
| Cash | $337,963 | $67,266 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 30, 2017 | Progress update | $50,000 | $400,000 | May 15, 2017 | $395,333 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| March 31, 2017 | Offering | $50,000 | $400,000 | May 15, 2017 | sec.gov |
Updated August 30, 2017. 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.