Data / Crowdfunding / Texas / Sing 1, LLC
Sing 1, LLC: crowdfunding raise on NextSeed US LLC, $50,000 to $107,000 (2018)
Sing 1, LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on September 12, 2018 to raise $50,000 to $107,000 in debt through NextSeed US LLC. The offering closed on September 18, 2018. In its most recent fiscal year it reported $75,126 in revenue and a net loss of $144,162, with 10 employees.
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- Website
- www.cravesing.com
- Funding portal
- NextSeed US LLC
- Address
- 1135 MOSAICO LN, Houston, TX 77055
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- July 28, 2017
- SEC CIK
- 0001746343
Offering terms
From the amendment filed September 12, 2018.
- Security
- Debt
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- September 18, 2018
- Portal compensation
- NextSeed charges 10% of the total Offering Amount as compensation for its services in connection with the Offering; provided only 5% is charged on amounts raised from investors referred by the issuer.
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $75,126 | $0 | sec.gov |
| Cost of goods sold | $19,875 | $0 | sec.gov |
| Net income | $-144,162 | $-1,734 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $633,483 | $298,301 | sec.gov |
| Cash | $313,485 | $264,501 | sec.gov |
| Accounts receivable | $1,239 | $0 | sec.gov |
| Short-term debt | $28,765 | $36 | sec.gov |
| Long-term debt | $483,361 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| September 21, 2018 | Progress update | $50,000 | $107,000 | September 18, 2018 | Issuer raised $107,000. | sec.gov |
| September 12, 2018 | Amendment | $50,000 | $107,000 | September 18, 2018 | Updated offering deadline as the maximum offering amount has been reached. Updated disclosure statement. | sec.gov |
| July 31, 2018 | Amendment | $50,000 | $107,000 | September 27, 2018 | Fixing a typo - date of offering deadline | sec.gov |
| July 31, 2018 | Offering | $50,000 | $107,000 | September 15, 2018 | sec.gov |
Updated May 1, 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.