Data / Crowdfunding / New York / Saranac Lake Community Store, Inc.
Saranac Lake Community Store, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $107,000 (2018)
Saranac Lake Community Store, Inc., a corporation in Saranac Lake, NY, filed a Form C with the SEC on May 7, 2018 to raise $50,000 to $107,000 in debt through Wefunder Portal LLC. The offering closed on October 31, 2018. In its most recent fiscal year it reported $349,804 in revenue and a net loss of $44,970, with 2 employees.
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- Website
- www.community-store.org
- Funding portal
- Wefunder Portal LLC
- Address
- 97 Main St., Saranac Lake, NY 12983
- Legal form
- Corporation
- Jurisdiction
- NY
- Incorporated
- February 16, 2007
- SEC CIK
- 0001739380
Offering terms
From the offering filed May 7, 2018.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- October 31, 2018
- Portal compensation
- 5.0% 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 filed May 7, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $349,804 | $374,463 | sec.gov |
| Cost of goods sold | $195,979 | $206,738 | sec.gov |
| Net income | $-44,970 | $-32,876 | sec.gov |
| Taxes paid | $355 | $480 | sec.gov |
| Total assets | $250,676 | $303,484 | sec.gov |
| Cash | $30,086 | $78,453 | sec.gov |
| Accounts receivable | $1,182 | $1,199 | sec.gov |
| Short-term debt | $25,407 | $33,245 | sec.gov |
| Long-term debt | $225,269 | $270,239 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 7, 2018 | Offering | $50,000 | $107,000 | October 31, 2018 | sec.gov |
Updated May 7, 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.