Data / Crowdfunding / California / Remedy Processors LLC
Remedy Processors LLC: crowdfunding raise on MicroVenture Marketplace Inc., $25,000 to $250,000 (2021)
Remedy Processors LLC, a limited liability company in San Diego, CA, filed a Form C with the SEC on April 15, 2021 to raise $25,000 to $250,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on June 21, 2021. In its most recent fiscal year it reported $346,842 in revenue and a net loss of $151,279, with 10 employees.
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- Website
- www.remedyprocessors.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 7919 SILVERTON AVE #402 7919 SILVERTON AVE #402, San Diego, CA 92126
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- December 10, 2018
- SEC CIK
- 0001823421
Offering terms
From the amendment filed April 15, 2021.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $250,000
- Deadline
- June 21, 2021
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary a fee consisting of five percent (5%) commission based on the amount of investments raised in the Offering and paid upon distribution of funds from escrow at the time of closing.
Financials
From the Form C-U filed June 25, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $346,842 | $20,275 | sec.gov |
| Cost of goods sold | $137,123 | $0 | sec.gov |
| Net income | $-151,279 | $-287,895 | sec.gov |
| Taxes paid | $0 | $6,276 | sec.gov |
| Total assets | $188,105 | $152,698 | sec.gov |
| Cash | $13,687 | $27,977 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $141,430 | $80,267 | sec.gov |
| Long-term debt | $177,281 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 25, 2021 | Progress update | $25,000 | $250,000 | June 21, 2021 | $152,161.00 in investments. Payments still processing; final figure not yet determined. | sec.gov |
| April 15, 2021 | Amendment | $25,000 | $250,000 | June 21, 2021 | Extend the offering deadline, include 2020 year-end financial statements, include information on a new customer contract, update debt outstanding, clarify the circumstances in which the Company may conduct multiple closing, and amend the early bird perks. | sec.gov |
| February 8, 2021 | Amendment | $25,000 | $250,000 | April 19, 2021 | Adding a webinar transcript to the offering documents. | sec.gov |
| December 16, 2020 | Amendment | $25,000 | $250,000 | April 19, 2021 | To add information related to a new, outside investment and to update the valuation caps of the offered crowd notes in light of such investment. | sec.gov |
| November 19, 2020 | Offering | $25,000 | $250,000 | April 19, 2021 | sec.gov |
Updated June 25, 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.