Data / Crowdfunding / Puerto Rico / Social Game Media Inc
Social Game Media Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2021)
Social Game Media Inc, a corporation in Guaynabo, PR, filed a Form C with the SEC on August 31, 2021 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $2,678,883 in revenue and $983,406 in net income, with 3 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.privacywall.org
- Funding portal
- Wefunder Portal LLC
- Address
- Calle 1 Ste 204 Metro Ofc, Guaynabo, PR 00968
- Legal form
- Corporation
- Jurisdiction
- PR
- Incorporated
- September 16, 2013
- SEC CIK
- 0001880457
Offering terms
From the offering filed August 31, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2022
- Portal compensation
- 7.5% 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 filed August 31, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,678,883 | $2,432,848 | sec.gov |
| Cost of goods sold | $1,483,897 | $559,229 | sec.gov |
| Net income | $983,406 | $1,650,470 | sec.gov |
| Taxes paid | $40,809 | $69,214 | sec.gov |
| Total assets | $488,508 | $486,646 | sec.gov |
| Cash | $152,609 | $42,318 | sec.gov |
| Accounts receivable | $257,085 | $324,785 | sec.gov |
| Short-term debt | $21,453 | $41,755 | sec.gov |
| Long-term debt | $163,798 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 31, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov |
Updated August 31, 2021. 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.