Data / Crowdfunding / Arizona / Simple Machine, LLC
Simple Machine, LLC: crowdfunding raise on Wefunder Portal LLC, $250,000 to $500,000 (2018)
Simple Machine, LLC, a limited liability company in Phoenix, AZ, filed a Form C with the SEC on July 2, 2018 to raise $250,000 to $500,000 in Convertible Note through Wefunder Portal LLC. The offering closed on December 14, 2018. In its most recent fiscal year it reported $2,066,928 in revenue and $620,524 in net income, with 40 employees.
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- Website
- arena.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2375 East Camelback Road 6th Floor, Phoenix, AZ 85016
- Legal form
- Limited Liability Company
- Jurisdiction
- AZ
- Incorporated
- April 29, 2016
- SEC CIK
- 0001718056
Offering terms
From the offering filed July 2, 2018.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $250,000
- Maximum
- $500,000
- Deadline
- December 14, 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 July 2, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,066,928 | $921,123 | sec.gov |
| Cost of goods sold | $783,944 | $201,594 | sec.gov |
| Net income | $620,524 | $589,984 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $59,898 | $280,052 | sec.gov |
| Cash | $34,043 | $19,321 | sec.gov |
| Accounts receivable | $0 | $65,945 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 2, 2018 | Offering | $250,000 | $500,000 | December 14, 2018 | sec.gov | |
| March 23, 2018 | Offering | $250,000 | $750,000 | April 30, 2018 | sec.gov |
Updated July 2, 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.