Data / Crowdfunding / Utah / Social5, LLC
Social5, LLC: crowdfunding raise on Mr. Crowd, $200,000 to $500,000 (2020)
Social5, LLC, a limited liability company in Draper, UT, filed a Form C with the SEC on May 1, 2020 to raise $200,000 to $500,000 in Membership Units through Mr. Crowd. The offering closed on December 31, 2020. In its most recent fiscal year it reported $2,504,146 in revenue and $218,297 in net income, with 17 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
- social5.com
- Funding portal
- Mr. Crowd
- Address
- 13894 S Bangerter Pkwy Suite 200, Draper, UT 84020
- Legal form
- Limited Liability Company
- Jurisdiction
- UT
- Incorporated
- March 2, 2012
- SEC CIK
- 0001758447
Offering terms
From the amendment filed May 1, 2020.
- Security
- Membership Units
- Price
- $10.00
- Target
- $200,000
- Maximum
- $500,000
- Deadline
- December 31, 2020
- Portal compensation
- 1) The issuer shall pay the intermediary a fee equal to one percent (1%) of the gross amount raised. 2) The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of the issuer.
Financials
From the Form C/A filed May 1, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,504,146 | $2,646,599 | sec.gov |
| Cost of goods sold | $784,503 | $0 | sec.gov |
| Net income | $218,297 | $109,882 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $253,573 | $342,226 | sec.gov |
| Cash | $253,573 | $94,835 | sec.gov |
| Accounts receivable | $150,819 | $152,397 | sec.gov |
| Short-term debt | $218,743 | $363,387 | sec.gov |
| Long-term debt | $1,639,676 | $1,801,982 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2020 | Amendment | $200,000 | $500,000 | December 31, 2020 | Amendments: 1) offering deadline; 2) 2019 financial statements, discussion of financial conditions; 3) Q24 material terms of indebtedness; 4) Q26 related party transactions; | sec.gov |
| January 2, 2020 | Amendment | $200,000 | $500,000 | June 30, 2020 | Extend offering deadline | sec.gov |
| June 6, 2019 | Amendment | $200,000 | $500,000 | December 31, 2019 | 1) Extend offering deadline 2) Update Directors and Officers 3) Include 2018 Financial Statements 4) Update Question 24 and 26 to reflect changes in 2018 5) Update financial condition of the issuer and discussion on results of operation in 2018 | sec.gov |
| December 6, 2018 | Offering | $200,000 | $500,000 | June 30, 2019 | sec.gov |
Updated May 1, 2020. 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.