Data / Crowdfunding / California / Snapwire Media, Inc.
Snapwire Media, Inc.: crowdfunding raise on Wefunder Portal LLC, $25,000 to $750,000 (2017)
Snapwire Media, Inc., a corporation in Santa Barbara, CA, filed a Form C with the SEC on January 19, 2017 to raise $25,000 to $750,000 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2017. In its most recent fiscal year it reported $1,408,401 in revenue and a net loss of $60,924, with 17 employees.
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- Website
- www.snapwi.re
- Funding portal
- Wefunder Portal LLC
- Address
- 3905 State Street, Santa Barbara, CA 93105
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 1, 2012
- SEC CIK
- 0001680084
Offering terms
From the amendment filed January 19, 2017.
- Security
- Common Stock
- Target
- $25,000
- Maximum
- $750,000
- Deadline
- April 30, 2017
- Portal compensation
- 4% of the offering amount upon a successful fundraise
Financials
From the Form C-AR filed May 3, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,408,401 | $511,848 | sec.gov |
| Cost of goods sold | $528,622 | $176,419 | sec.gov |
| Net income | $-60,924 | $-140,702 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $637,728 | $221,948 | sec.gov |
| Cash | $240,293 | $71,303 | sec.gov |
| Accounts receivable | $395,557 | $148,983 | sec.gov |
| Short-term debt | $41,378 | $53,876 | sec.gov |
| Long-term debt | $776,640 | $110,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| June 13, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| January 19, 2017 | Amendment | $25,000 | $750,000 | April 30, 2017 | N/A | sec.gov |
| December 23, 2016 | Offering | $25,000 | $750,000 | April 30, 2017 | sec.gov | |
| December 5, 2016 | Progress update | $50,000 | $1,000,000 | December 31, 2016 | The total investment amount upon the close of the offering is $180,265. | sec.gov |
| July 25, 2016 | Offering | $50,000 | $1,000,000 | December 31, 2016 | sec.gov |
Updated May 3, 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.