Data / Crowdfunding / California / SimGraphics Engineering Corporation
SimGraphics Engineering Corporation: crowdfunding raise on Wefunder Portal LLC, $100,003 to $500,011 (2022)
SimGraphics Engineering Corporation, a corporation in Alhambra, CA, filed a Form C with the SEC on February 1, 2022 to raise $100,003 to $500,011 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $237,791 in revenue and a net loss of $26,253, with 2 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- simg.com
- Funding portal
- Wefunder Portal LLC
- Address
- 517 Westminster Ave, Alhambra, CA 91803
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- April 3, 1985
- SEC CIK
- 0001907407
Offering terms
From the offering filed February 1, 2022.
- Security
- Preferred Stock
- Price
- $12.00
- Target
- $100,003
- Maximum
- $500,011
- Deadline
- April 30, 2022
- Portal compensation
- <p>5.0% of gross monies raised in the offering other than the amount invested by William M. Scott IV and Eric G. Rodli (Directors of the company).</p>
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $237,791 | $164,633 | sec.gov |
| Cost of goods sold | $24,980 | $4,478 | sec.gov |
| Net income | $-26,253 | $-41,098 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $212,880 | $10,715 | sec.gov |
| Cash | $190,766 | $9,365 | sec.gov |
| Accounts receivable | $0 | $1,350 | sec.gov |
| Short-term debt | $15,644 | $0 | sec.gov |
| Long-term debt | $47,074 | $69,741 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 1, 2022 | Offering | $100,003 | $500,011 | April 30, 2022 | sec.gov |
Updated May 1, 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.