Data / Crowdfunding / California / Smoove Xperience, Inc
Smoove Xperience, Inc: crowdfunding raise on NetCapital Funding Portal Inc., $10,001 to $1,069,998 (2022)
Smoove Xperience, Inc, a corporation in Covina, CA, filed a Form C with the SEC on July 25, 2022 to raise $10,001 to $1,069,998 in common stock through NetCapital Funding Portal Inc.. The offering closed on October 28, 2022. In its most recent fiscal year it reported $245,160 in revenue and a net loss of $764,904, with 12 employees.
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- Website
- www.smoovex.net
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 800 S. BARRANCA AVE, SUITE 260, Covina, CA 91723
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 21, 2021
- SEC CIK
- 0001924707
Offering terms
From the amendment filed July 25, 2022.
- Security
- Common Stock
- Price
- $1.70
- Target
- $10,001
- Maximum
- $1,069,998
- Deadline
- October 28, 2022
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed May 5, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $245,160 | $1,182,588 | sec.gov |
| Cost of goods sold | $217,539 | $990,019 | sec.gov |
| Net income | $-764,904 | $-1,954,401 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $700,278 | $1,180,987 | sec.gov |
| Cash | $29,306 | $82,736 | sec.gov |
| Accounts receivable | $9,660 | $38,112 | sec.gov |
| Short-term debt | $280,744 | $207,027 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| November 14, 2022 | Progress update | $10,001 | $1,069,998 | October 28, 2022 | End of offering. Issuer closed its offering with estimated gross proceeds of $56,664. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| July 25, 2022 | Amendment | $10,001 | $1,069,998 | October 28, 2022 | the issuer extended the offering deadline. | sec.gov |
| June 3, 2022 | Amendment | $10,001 | $1,069,998 | July 29, 2022 | the issuer ended their early bird discount. | sec.gov |
| June 2, 2022 | Amendment | $10,000 | $1,069,999 | July 29, 2022 | the issuer extended the early bird discount until june 3, 2022. | sec.gov |
| April 29, 2022 | Offering | $10,000 | $1,069,999 | July 29, 2022 | sec.gov |
Updated May 5, 2023. 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.