Data / Crowdfunding / California / SlideBelts Inc.
SlideBelts Inc.: crowdfunding raise on StartEngine Capital, LLC, $150,000 to $1,000,000 (2017)
SlideBelts Inc., a corporation in Sacramento, CA, filed a Form C with the SEC on June 30, 2017 to raise $150,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through StartEngine Capital, LLC. The offering closed on July 14, 2017. In its most recent fiscal year it reported $8,157,003 in revenue and a net loss of $2,215,875, with 35 employees.
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- Website
- www.slidebelts.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 4818 GOLDEN FOOTHILL PKWY UNIT 9, Sacramento, CA 95762
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 10, 2013
- SEC CIK
- 0001700895
Offering terms
From the amendment filed June 30, 2017.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $250.00
- Target
- $150,000
- Maximum
- $1,000,000
- Deadline
- July 14, 2017
- Portal compensation
- 5 percent
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $8,157,003 | $6,227,791 | sec.gov |
| Cost of goods sold | $3,499,474 | $2,338,992 | sec.gov |
| Net income | $-2,215,875 | $-17,366 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,342,976 | $1,986,121 | sec.gov |
| Cash | $873,662 | $621,396 | sec.gov |
| Accounts receivable | $172,045 | $126,413 | sec.gov |
| Short-term debt | $2,195,531 | $1,665,967 | sec.gov |
| Long-term debt | $1,509,326 | $520,866 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 22, 2017 | Progress update | $150,000 | $1,000,000 | July 14, 2017 | The amount of securities sold at the close of the offering is $1,069,982.96 | sec.gov |
| July 17, 2017 | Progress update | $150,000 | $1,000,000 | July 14, 2017 | The amount of securities sold at the close of the offering is $927,500.00. | sec.gov |
| June 30, 2017 | Amendment | $150,000 | $1,000,000 | July 14, 2017 | Issuer extended offering end date and expanding maximum funding goal to $1,070,000. | sec.gov |
| April 4, 2017 | Offering | $150,000 | $1,000,000 | June 30, 2017 | sec.gov |
Updated April 30, 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.