Data / Crowdfunding / California / Smari Organics, Inc.
Smari Organics, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
Smari Organics, Inc., a corporation in Petaluma, CA, filed a Form C with the SEC on June 18, 2020 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on August 7, 2020. In its most recent fiscal year it reported $355,813 in revenue and a net loss of $1,395,291, with 4 employees.
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- Website
- www.smariorganics.com
- Funding portal
- Wefunder Portal LLC
- Address
- 321 Liberty Street, Petaluma, CA 94952
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- December 20, 2011
- SEC CIK
- 0001586697
Offering terms
From the amendment filed June 18, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- August 7, 2020
- 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/A filed June 18, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $355,813 | $751,809 | sec.gov |
| Cost of goods sold | $423,260 | $519,144 | sec.gov |
| Net income | $-1,395,291 | $-1,190,543 | sec.gov |
| Taxes paid | $2,722 | $9,128 | sec.gov |
| Total assets | $548,331 | $591,729 | sec.gov |
| Cash | $274,142 | $54,271 | sec.gov |
| Accounts receivable | $23,461 | $25,469 | sec.gov |
| Short-term debt | $112,427 | $380,468 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 18, 2020 | Amendment | $50,000 | $1,070,000 | August 7, 2020 | Material amendment - adding lead investor. | sec.gov |
| April 13, 2020 | Offering | $50,000 | $1,070,000 | August 7, 2020 | sec.gov |
Updated June 18, 2020. 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.