Data / Crowdfunding / California / smartQED, Inc.
smartQED, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $107,000 (2018)
smartQED, Inc., a corporation in San Mateo, CA, filed a Form C with the SEC on August 1, 2018 to raise $50,000 to $107,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on July 31, 2018. In its most recent fiscal year it reported $0 in revenue and a net loss of $151,015, with 3 employees.
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- Website
- www.smartqed.com
- Funding portal
- Wefunder Portal LLC
- Address
- 421 37th Ave, San Mateo, CA 94403
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 13, 2016
- SEC CIK
- 0001730031
Offering terms
From the amendment filed August 1, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- July 31, 2018
- Portal compensation
- 4.0% 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-AR filed July 9, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $15,000 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-151,015 | $-114,958 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $7,683 | $3,096 | sec.gov |
| Cash | $7,683 | $3,096 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $5,752 | $357 | sec.gov |
| Long-term debt | $335,244 | $200,135 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 9, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| August 1, 2018 | Amendment | $50,000 | $107,000 | July 31, 2018 | Changed deadline date, included video transcripts, and updated business plan. | sec.gov |
| February 12, 2018 | Offering | $50,000 | $107,000 | August 10, 2018 | sec.gov |
Updated July 9, 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.