Data / Crowdfunding / California / Snout, Inc.
Snout, Inc.: crowdfunding raise on First Democracy VC, $50,000 to $500,000 (2017)
Snout, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on December 6, 2017 to raise $50,000 to $500,000 in Crowd Safe (Simple Agreement for Future Equity) Units through First Democracy VC. The offering closed on January 29, 2018. In its most recent fiscal year it reported $155,210 in revenue and a net loss of $849,754, with 6 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.snoutplans.com
- Funding portal
- First Democracy VC
- Address
- 129 S. KINGS ROAD #301, Los Angeles, CA 90048
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 10, 2014
- SEC CIK
- 0001722182
Offering terms
From the offering filed December 6, 2017.
- Security
- Crowd Safe (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $50,000
- Maximum
- $500,000
- Deadline
- January 29, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed February 3, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $155,210 | $77,463 | sec.gov |
| Cost of goods sold | $114,268 | $102,337 | sec.gov |
| Net income | $-849,754 | $-1,010,942 | sec.gov |
| Taxes paid | $201,440 | $112,835 | sec.gov |
| Total assets | $738,693 | $1,578,846 | sec.gov |
| Cash | $731,871 | $1,550,397 | sec.gov |
| Accounts receivable | $6,822 | $10,989 | sec.gov |
| Short-term debt | $0 | $39,325 | sec.gov |
| Long-term debt | $490,000 | $350,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 6, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| February 3, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 30, 2018 | Progress update | $50,000 | $500,000 | January 29, 2018 | $134,507.01 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| December 6, 2017 | Offering | $50,000 | $500,000 | January 29, 2018 | sec.gov |
Updated February 6, 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.