Data / Crowdfunding / New York / Salsa God LLC
Salsa God LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2019)
Salsa God LLC, a limited liability company in New York, NY, filed a Form C with the SEC on October 7, 2019 to raise $25,000 to $1,070,000 in Crowd SAFE Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 17, 2020. In its most recent fiscal year it reported $531,244 in revenue and a net loss of $148,195, with 1 employees.
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- Website
- www.salsagod.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 802 9TH AVENUE 3D, New York, NY 10019
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- November 5, 2014
- SEC CIK
- 0001779032
Offering terms
From the amendment filed October 7, 2019.
- Security
- Crowd SAFE Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- February 17, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed June 11, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $531,244 | $308,845 | sec.gov |
| Cost of goods sold | $385,866 | $252,456 | sec.gov |
| Net income | $-148,195 | $-56,507 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $192,925 | $81,172 | sec.gov |
| Cash | $23,969 | $17,199 | sec.gov |
| Accounts receivable | $112,874 | $38,083 | sec.gov |
| Short-term debt | $128,219 | $68,313 | sec.gov |
| Long-term debt | $86,667 | $5,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 11, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| June 11, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| February 18, 2020 | Progress update | $25,000 | $1,070,000 | February 17, 2020 | The Offering closed successfully on 02/17/2020, having received investment commitments of $318,046, although a final accounting has not taken place. | sec.gov |
| October 7, 2019 | Amendment | $25,000 | $1,070,000 | February 17, 2020 | The Form C is hereby amended to extend the Offering Deadline to February 17, 2020 and to correct typos in the HTML to conform to filed PDF Form C. | sec.gov |
| June 28, 2019 | Offering | $25,000 | $1,070,000 | October 31, 2019 | sec.gov |
Updated June 11, 2020. 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.