Data / Crowdfunding / Colorado / Simple Switch LLC
Simple Switch LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2022)
Simple Switch LLC, a limited liability company in Denver, CO, filed a Form C with the SEC on October 14, 2022 to raise $50,000 to $124,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $26,541 in revenue and a net loss of $12,049, with 1 employees.
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- Website
- www.simpleswitch.org
- Funding portal
- Wefunder Portal LLC
- Address
- 2590 Walnut St., Denver, CO 80205
- Legal form
- Limited Liability Company
- Jurisdiction
- CO
- Incorporated
- May 15, 2018
- SEC CIK
- 0001938430
Offering terms
From the offering filed October 14, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- April 30, 2023
- Portal compensation
- 6.5% 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 October 14, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,541 | $31,756 | sec.gov |
| Cost of goods sold | $19,779 | $26,996 | sec.gov |
| Net income | $-12,049 | $3,359 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $10,388 | $31,481 | sec.gov |
| Cash | $10,388 | $30,969 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $6,540 | $6,540 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 14, 2022 | Offering | $50,000 | $124,000 | April 30, 2023 | sec.gov |
Updated October 14, 2022. 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.