Data / Crowdfunding / Nevada / Social Media Gateways, Inc.
Social Media Gateways, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2021)
Social Media Gateways, Inc., a corporation in Las Vegas, NV, filed a Form C with the SEC on May 20, 2021 to raise $50,000 to $250,000 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 $61,200 in revenue and a net loss of $123,705, with 3 employees.
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- Website
- SocialMediaGateways.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3960 Howard Hughes, Las Vegas, NV 89169
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 4, 2012
- SEC CIK
- 0001548442
Offering terms
From the amendment filed May 20, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% 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-AR filed June 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $61,200 | $58,780 | sec.gov |
| Cost of goods sold | $48,000 | $37,000 | sec.gov |
| Net income | $-123,705 | $-69,469 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $508,211 | $548,835 | sec.gov |
| Cash | $21,976 | $25,244 | sec.gov |
| Accounts receivable | $54,874 | $86,400 | sec.gov |
| Short-term debt | $383,570 | $388,570 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 20, 2021 | Amendment | $50,000 | $250,000 | April 30, 2022 | Increased early bird terms from first $60K raised to first $75K raised | sec.gov |
| March 4, 2021 | Offering | $50,000 | $250,000 | April 30, 2022 | sec.gov |
Updated June 1, 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.