Data / Crowdfunding / California / Ridgemont Outfitters, Inc.
Ridgemont Outfitters, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,000,000 (2017)
Ridgemont Outfitters, Inc., a corporation in Signal Hill, CA, filed a Form C with the SEC on October 20, 2017 to raise $100,000 to $1,000,000 in debt through Wefunder Portal LLC. The offering closed on October 20, 2017. In its most recent fiscal year it reported $343,282 in revenue and a net loss of $233,552, with 5 employees.
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- Website
- ridgemontoutfitters.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2525 Cherry Avenue Suite 375, Signal Hill, CA 90755
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- November 5, 2013
- SEC CIK
- 0001689299
Offering terms
From the amendment filed October 20, 2017.
- Security
- Debt
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- October 20, 2017
- Portal compensation
- 3.0% 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-U filed September 4, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $343,282 | $175,602 | sec.gov |
| Cost of goods sold | $283,659 | $240,881 | sec.gov |
| Net income | $-233,552 | $-444,345 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $152,354 | $203,523 | sec.gov |
| Cash | $10,702 | $5,621 | sec.gov |
| Accounts receivable | $18,103 | $23,969 | sec.gov |
| Short-term debt | $77,293 | $47,434 | sec.gov |
| Long-term debt | $995,281 | $812,898 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 4, 2018 | Progress update | $100,000 | $1,000,000 | October 20, 2017 | The final number is $195,272.00 in investments. | sec.gov |
| December 6, 2017 | Progress update | $100,000 | $1,000,000 | October 20, 2017 | $218,455.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| October 20, 2017 | Amendment | $100,000 | $1,000,000 | October 20, 2017 | Changed deadline date, included video transcripts, and updated business plan. | sec.gov |
| July 28, 2017 | Amendment | $100,000 | $1,000,000 | October 31, 2017 | Extend deadline date, updated financials, and updated business plan. | sec.gov |
| July 3, 2017 | Amendment | $100,000 | $1,000,000 | July 31, 2017 | Extend deadline to 7/31/2017 | sec.gov |
| May 1, 2017 | Amendment | $100,000 | $1,000,000 | June 23, 2017 | Changed offering terms, updated financial condition, risks, business plan and contracts. | sec.gov |
| December 21, 2016 | Offering | $100,000 | $1,000,000 | June 23, 2017 | sec.gov |
Updated September 4, 2018. 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.