Data / Crowdfunding / California / Shred Soles LLC
Shred Soles LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $107,000 (2019)
Shred Soles LLC, a limited liability company in Bear Valley, CA, filed a Form C with the SEC on August 19, 2019 to raise $50,000 to $107,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 9, 2019. In its most recent fiscal year it reported $124,738 in revenue and $10,754 in net income, with 1 employees.
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- Website
- www.shredsoles.com
- Funding portal
- Wefunder Portal LLC
- Address
- 300 Bear Valley Road, Bear Valley, CA 95223
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- June 17, 2008
- SEC CIK
- 0001783633
Offering terms
From the offering filed August 19, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- December 9, 2019
- 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 filed August 19, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $124,738 | $75,514 | sec.gov |
| Cost of goods sold | $34,502 | $14,509 | sec.gov |
| Net income | $10,754 | $9,529 | sec.gov |
| Taxes paid | $1,047 | $0 | sec.gov |
| Total assets | $78,999 | $39,049 | sec.gov |
| Cash | $5,474 | $6,171 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $13,929 | $0 | sec.gov |
| Long-term debt | $6,371 | $6,319 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 19, 2019 | Offering | $50,000 | $107,000 | December 9, 2019 | sec.gov |
Updated August 19, 2019. 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.