Data / Crowdfunding / Hawaii / Smart Yields, Inc.
Smart Yields, Inc.: crowdfunding raise on OpenDeal Inc., $25,000 to $107,000 (2018)
Smart Yields, Inc., a corporation in Honolulu, HI, filed a Form C with the SEC on December 21, 2018 to raise $25,000 to $107,000 in Crowd SAFE Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on April 30, 2019. In its most recent fiscal year it reported $24,980 in revenue and a net loss of $420,575, with 5 employees.
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- Website
- www.smartyields.com
- Funding portal
- OpenDeal Inc.
- Address
- 2800 WOODLAWN DRIVE, Honolulu, HI 96822
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 6, 2015
- SEC CIK
- 0001758696
Offering terms
From the amendment filed December 21, 2018.
- Security
- Crowd SAFE Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- April 30, 2019
- Portal compensation
- The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of six percent (6%) commission based on the amount of investments raised in the offering and paid upon disbursement of funds from escrow at the time of closing.
Financials
From the Form C-U filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $24,980 | $7,053 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-420,575 | $-125,266 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $602,366 | $269,090 | sec.gov |
| Cash | $508,835 | $185,711 | sec.gov |
| Accounts receivable | $4,150 | $0 | sec.gov |
| Short-term debt | $306,852 | $10,501 | sec.gov |
| Long-term debt | $653,000 | $295,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2019 | Progress update | $25,000 | $107,000 | April 30, 2019 | The Offering was successful, accepting investment commitments of approx. $100,531, although a final accounting has not taken place. | sec.gov |
| December 21, 2018 | Amendment | $25,000 | $107,000 | April 30, 2019 | The Offering Deadline is hereby extended until April 30th, 2019. | sec.gov |
| November 13, 2018 | Offering | $25,000 | $107,000 | December 28, 2018 | sec.gov |
Updated April 30, 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.