Data / Crowdfunding / California / SlingFin, Inc.
SlingFin, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $200,000 (2016)
SlingFin, Inc., a corporation in Berkeley, CA, filed a Form C with the SEC on November 14, 2016 to raise $50,000 to $200,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 19, 2016. In its most recent fiscal year it reported $153,017 in revenue and a net loss of $71,899, with 2 employees.
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- Website
- www.slingfin.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1355 4th St. Suite C, Berkeley, CA 94710
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 5, 2010
- SEC CIK
- 0001674382
Offering terms
From the amendment filed November 14, 2016.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $200,000
- Deadline
- December 19, 2016
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise.
Financials
From the Form C-AR filed April 26, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $153,017 | $82,564 | sec.gov |
| Cost of goods sold | $73,809 | $41,699 | sec.gov |
| Net income | $-71,899 | $-51,274 | sec.gov |
| Taxes paid | $832 | $0 | sec.gov |
| Total assets | $182,510 | $48,801 | sec.gov |
| Cash | $17,288 | $1,512 | sec.gov |
| Accounts receivable | $1,077 | $0 | sec.gov |
| Short-term debt | $58,778 | $64,570 | sec.gov |
| Long-term debt | $226,418 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 14, 2016 | Amendment | $50,000 | $200,000 | December 19, 2016 | Extends deadline date to Dec 19th (from Nov 13th). Raises max offering to $200k. Adds CPA reviewed statement. | sec.gov |
| May 17, 2016 | Offering | $50,000 | $100,000 | November 13, 2016 | sec.gov |
Updated April 26, 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.