Data / Crowdfunding / California / Red Diamond Yoga 3500 LLC
Red Diamond Yoga 3500 LLC: crowdfunding raise on NextSeed US LLC, $60,000 to $80,000 (2017)
Red Diamond Yoga 3500 LLC, a limited liability company in Los Angeles, CA, filed a Form C with the SEC on April 19, 2017 to raise $60,000 to $80,000 in debt through NextSeed US LLC. The offering closed on May 12, 2017. In its most recent fiscal year it reported $594,061 in revenue and $10,209 in net income, with 8 employees.
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- Website
- www.reddiamondyoga.com
- Funding portal
- NextSeed US LLC
- Address
- 3500 OVERLAND AVE SUITE 210, Los Angeles, CA 90034
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- April 17, 2013
- SEC CIK
- 0001701417
Offering terms
From the amendment filed April 19, 2017.
- Security
- Debt
- Target
- $60,000
- Maximum
- $80,000
- Deadline
- May 12, 2017
- Portal compensation
- NextSeed charges the Issuer 10% of the total offering amount as compensation for its services provided in connection with the offering, provided that NextSeed will only charge 5% for funds raised from investors referred by the Issuer.
Financials
From the Form C-U filed May 22, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $594,061 | $639,168 | sec.gov |
| Cost of goods sold | $185,910 | $196,186 | sec.gov |
| Net income | $10,209 | $81,174 | sec.gov |
| Taxes paid | $2,292 | $3,796 | sec.gov |
| Total assets | $56,078 | $68,168 | sec.gov |
| Cash | $3,213 | $12,247 | sec.gov |
| Accounts receivable | $4,100 | $400 | sec.gov |
| Short-term debt | $76,933 | $99,233 | sec.gov |
| Long-term debt | $16,282 | $16,282 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 13, 2018 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 22, 2017 | Progress update | $60,000 | $80,000 | May 12, 2017 | The issuer has raised a total of $67,400 during the offering period. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| April 19, 2017 | Amendment | $60,000 | $80,000 | May 12, 2017 | Refiling with the full set of disclosures. | sec.gov |
| April 7, 2017 | Offering | $60,000 | $80,000 | May 12, 2017 | sec.gov |
Updated April 13, 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.