Data / Crowdfunding / Texas / Red Hat Coffee
Red Hat Coffee: crowdfunding raise on Wefunder Portal LLC, $100,000 to $500,000 (2021)
Red Hat Coffee, a corporation in Austin, TX, filed a Form C with the SEC on April 20, 2021 to raise $100,000 to $500,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $205,020 in revenue and a net loss of $110,688, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.redhatcoffee.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2404 E 7th St Suite A, Austin, TX 78702
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- January 28, 2016
- SEC CIK
- 0001848066
Offering terms
From the amendment filed April 20, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $500,000
- Deadline
- April 30, 2022
- Portal compensation
- 7.5% 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/A filed April 20, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $205,020 | $223,219 | sec.gov |
| Cost of goods sold | $70,579 | $97,772 | sec.gov |
| Net income | $-110,688 | $-122,293 | sec.gov |
| Taxes paid | $800 | $800 | sec.gov |
| Total assets | $314,801 | $454,380 | sec.gov |
| Cash | $1,257 | $2,178 | sec.gov |
| Accounts receivable | $6,031 | $7,567 | sec.gov |
| Short-term debt | $232,918 | $173,514 | sec.gov |
| Long-term debt | $253,319 | $495,319 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 20, 2021 | Amendment | $100,000 | $500,000 | April 30, 2022 | Adding CPA reviewed financial statements for 2020, extending the campaign close date | sec.gov |
| March 10, 2021 | Amendment | $100,000 | $500,000 | April 30, 2021 | Replacing the Lead Investor with Scott McNeely | sec.gov |
| March 2, 2021 | Offering | $100,000 | $500,000 | April 30, 2021 | sec.gov |
Updated April 20, 2021. 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.