Data / Crowdfunding / California / Propeller Enterprises, Inc
Propeller Enterprises, Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $990,901 (2022)
Propeller Enterprises, Inc, a company in Nashville, CA, filed a Form C with the SEC on April 21, 2022 to raise $50,000 to $990,901 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $3,129,661 in revenue and $97,274 in net income, with 8 employees.
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- Website
- propeller.la
- Funding portal
- Wefunder Portal LLC
- Address
- 2102 Fernwood Drive, Nashville, CA 37216
- Legal form
- Other
- Jurisdiction
- CA
- Incorporated
- August 17, 2015
- SEC CIK
- 0001893990
Offering terms
From the offering filed April 21, 2022.
- Security
- Preferred Stock
- Price
- $2.54
- Target
- $50,000
- Maximum
- $990,901
- Deadline
- April 30, 2023
- 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-AR filed April 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,129,661 | $1,921,963 | sec.gov |
| Cost of goods sold | $544,911 | $242,693 | sec.gov |
| Net income | $97,274 | $-310,620 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $638,647 | $469,682 | sec.gov |
| Cash | $438,968 | $379,790 | sec.gov |
| Accounts receivable | $5,000 | $5,000 | sec.gov |
| Short-term debt | $400,652 | $351,535 | sec.gov |
| Long-term debt | $499,150 | $499,150 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 21, 2022 | Offering | $50,000 | $990,901 | April 30, 2023 | sec.gov |
Updated April 26, 2024. 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.