Data / Crowdfunding / Florida / Reflect App, LLC
Reflect App, LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2022)
Reflect App, LLC, a limited liability company in Ft Lauderdale, FL, filed a Form C with the SEC on October 25, 2022 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $179,335 in revenue and a net loss of $201,827, with 4 employees.
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- Website
- reflect.app
- Funding portal
- Wefunder Portal LLC
- Address
- 1314 E Las Olas Blvd Unit 2182, Ft Lauderdale, FL 33301
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- March 18, 2021
- SEC CIK
- 0001949524
Offering terms
From the amendment filed October 25, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2023
- Portal compensation
- 6.0% 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 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $179,335 | $34,513 | sec.gov |
| Cost of goods sold | $124,551 | $16,670 | sec.gov |
| Net income | $-201,827 | $-116,736 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,073,359 | $85,051 | sec.gov |
| Cash | $1,073,359 | $5,825 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $215,145 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 25, 2022 | Amendment | $50,000 | $1,235,000 | April 30, 2023 | Changing investment vehicle from Convertible Note to SAFE | sec.gov |
| October 6, 2022 | Offering | $50,000 | $1,235,000 | April 30, 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.