Data / Crowdfunding / California / Scrap Film LLC
Scrap Film LLC: crowdfunding raise on Wefunder Portal LLC, $80,000 to $450,000 (2021)
Scrap Film LLC, a limited liability company in Los Angeles, CA, filed a Form C with the SEC on February 12, 2021 to raise $80,000 to $450,000 in Revenue Participation Agreement through Wefunder Portal LLC. The offering closed on April 28, 2021. In its most recent fiscal year it reported $2,700 in revenue and a net loss of $326,762, with 2 employees.
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- Website
- scrapthefilm.com
- Funding portal
- Wefunder Portal LLC
- Address
- 655 N. LUCERNE BLVD #12, Los Angeles, CA 90004
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- August 16, 2020
- SEC CIK
- 0001824581
Offering terms
From the amendment filed February 12, 2021.
- Security
- Revenue Participation Agreement
- Price
- $1.00
- Target
- $80,000
- Maximum
- $450,000
- Deadline
- April 28, 2021
- Portal compensation
- 7.5% 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-AR filed March 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,700 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-326,762 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $95,962 | $0 | sec.gov |
| Cash | $95,962 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 14, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| March 22, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| February 12, 2021 | Amendment | $80,000 | $450,000 | April 28, 2021 | Extending the campaign deadline. | sec.gov |
| October 30, 2020 | Offering | $80,000 | $450,000 | February 28, 2021 | sec.gov |
Updated April 14, 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.