Data / Crowdfunding / Nevada / Red Thread Labs, Inc.
Red Thread Labs, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
Red Thread Labs, Inc., a corporation in Reno, NV, filed a Form C with the SEC on August 25, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 23, 2023. In its most recent fiscal year it reported $249,574 in revenue and a net loss of $300,613, with 2 employees.
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- Website
- redthreadcollection.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 801 BRIDGE STREET UNIT D, Reno, NV 89439
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 6, 2018
- SEC CIK
- 0001942249
Offering terms
From the offering filed August 25, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 23, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $249,574 | $190,861 | sec.gov |
| Cost of goods sold | $95,131 | $125,106 | sec.gov |
| Net income | $-300,613 | $-376,391 | sec.gov |
| Taxes paid | $9,801 | $2,115 | sec.gov |
| Total assets | $454,421 | $418,848 | sec.gov |
| Cash | $12,914 | $18,489 | sec.gov |
| Accounts receivable | $49,724 | $196 | sec.gov |
| Short-term debt | $310,965 | $264,261 | sec.gov |
| Long-term debt | $1,541,975 | $1,285,137 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 23, 2023 | Progress update | $25,000 | $1,070,000 | April 23, 2023 | The Offering closed successfully on 2/16/2023, having received investment commitments of $126,073, although a final accounting has not taken place. | sec.gov |
| August 25, 2022 | Offering | $25,000 | $1,070,000 | April 23, 2023 | sec.gov |
Updated April 28, 2023. 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.