Data / Crowdfunding / Washington / Play Impossible Corporation
Play Impossible Corporation: crowdfunding raise on First Democracy VC, $50,000 to $107,000 (2017)
Play Impossible Corporation, a corporation in Seattle, WA, filed a Form C with the SEC on November 2, 2017 to raise $50,000 to $107,000 in Crowd Safe (Simple Agreement for Future Equity) Units through First Democracy VC. The offering closed on January 31, 2018. In its most recent fiscal year it reported $31,787 in revenue and a net loss of $459,349, with 1 employees.
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- Website
- www.playimpossible.com
- Funding portal
- First Democracy VC
- Address
- 111 S. Jackson Street, Seattle, WA 98104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 4, 2014
- SEC CIK
- 0001664526
Offering terms
From the offering filed November 2, 2017.
- Security
- Crowd Safe (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- January 31, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $31,787 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-459,349 | $-19,624 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $454,615 | $322 | sec.gov |
| Cash | $382,307 | $322 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $4,000 | $0 | sec.gov |
| Long-term debt | $69,048 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| December 4, 2017 | Withdrawal | Not listed | Not listed | sec.gov | ||
| December 1, 2017 | Progress update | $50,000 | $107,000 | January 31, 2018 | The issuer raised approximately $146,583 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| November 2, 2017 | Offering | $50,000 | $107,000 | January 31, 2018 | sec.gov | |
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| January 24, 2017 | Progress update | $50,000 | $500,000 | January 17, 2017 | $147,000 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| December 15, 2016 | Amendment | $50,000 | $500,000 | January 17, 2017 | Amending certain capitalization and financing information. | sec.gov |
| November 15, 2016 | Offering | $50,000 | $500,000 | January 17, 2017 | sec.gov |
Updated April 30, 2019. 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.