Data / Crowdfunding / Wisconsin / Princeton Audio, LLC.
Princeton Audio, LLC.: crowdfunding raise on First Democracy VC, $50,000 to $107,000 (2017)
Princeton Audio, LLC., a limited liability company in Princeton, WI, filed a Form C with the SEC on July 28, 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 August 22, 2017. In its most recent fiscal year it reported $266,048 in revenue and a net loss of $346,989, with 11 employees.
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- Website
- princeton-audio.com
- Funding portal
- First Democracy VC
- Address
- 544 W. WATER ST., Princeton, WI 54968
- Legal form
- Limited Liability Company
- Jurisdiction
- WI
- Incorporated
- June 16, 2014
- SEC CIK
- 0001691935
Offering terms
From the amendment filed July 28, 2017.
- Security
- Crowd SAFE (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- August 22, 2017
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $266,048 | $154,149 | sec.gov |
| Cost of goods sold | $178,191 | $135,749 | sec.gov |
| Net income | $-346,989 | $-238,327 | sec.gov |
| Taxes paid | $511 | $0 | sec.gov |
| Total assets | $427,565 | $417,432 | sec.gov |
| Cash | $22,167 | $11,612 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $123,612 | $153,197 | sec.gov |
| Long-term debt | $439,163 | $4,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| August 30, 2017 | Progress update | $50,000 | $107,000 | August 22, 2017 | $83,793 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| July 28, 2017 | Amendment | $50,000 | $107,000 | August 22, 2017 | Offering Statement updated to reflect funding portal compensation and adding webinar transcript. | sec.gov |
| June 22, 2017 | Offering | $50,000 | $100,000 | August 22, 2017 | sec.gov |
Updated April 30, 2018. 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.