Data / Crowdfunding / Texas / RidersShare Inc
RidersShare Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
RidersShare Inc, a corporation in Austin, TX, filed a Form C with the SEC on January 26, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 27, 2023. In its most recent fiscal year it reported $3,412,136 in revenue and a net loss of $934,819, with 6 employees.
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- Website
- www.riders-share.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 964 SPRINGDALE ROAD, Austin, TX 78702
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 13, 2015
- SEC CIK
- 0001956270
Offering terms
From the offering filed January 26, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- March 27, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 21, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,412,136 | $1,968,009 | sec.gov |
| Cost of goods sold | $2,370,439 | $1,714,061 | sec.gov |
| Net income | $-934,819 | $-2,057,277 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $564,729 | $401,669 | sec.gov |
| Cash | $338,400 | $74,068 | sec.gov |
| Accounts receivable | $0 | $45,645 | sec.gov |
| Short-term debt | $1,007,159 | $1,309,589 | sec.gov |
| Long-term debt | $1,400,500 | $3,245,180 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 21, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 21, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 4, 2023 | Progress update | $25,000 | $1,235,000 | March 27, 2023 | The Offering closed successfully on 3/28/2023, having received investment commitments of $713,032.77, although a final accounting has not taken place. | sec.gov |
| January 26, 2023 | Offering | $25,000 | $1,235,000 | March 27, 2023 | sec.gov |
Updated April 21, 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.