Data / Crowdfunding / Oregon / SOLACE CREMATION, INC.
SOLACE CREMATION, INC.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $850,000 (2020)
SOLACE CREMATION, INC., a corporation in Portland, OR, filed a Form C with the SEC on July 28, 2020 to raise $25,000 to $850,000 in debt through SI SECURITIES, LLC. The offering closed on August 28, 2020. In its most recent fiscal year it reported $1,087,892 in revenue and a net loss of $1,128,970, with 18 employees.
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- Website
- www.solacecares.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 1927 NW KEARNEY STREET, Portland, OR 97209
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 5, 2018
- SEC CIK
- 0001805637
Offering terms
From the offering filed July 28, 2020.
- Security
- Debt
- Target
- $25,000
- Maximum
- $850,000
- Deadline
- August 28, 2020
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,087,892 | $366,107 | sec.gov |
| Cost of goods sold | $621,807 | $170,256 | sec.gov |
| Net income | $-1,128,970 | $-445,577 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,420,838 | $336,298 | sec.gov |
| Cash | $1,403,691 | $334,976 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $31,006 | $38,176 | sec.gov |
| Long-term debt | $526,000 | $757,439 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 7, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| August 25, 2020 | Progress update | $25,000 | $850,000 | July 17, 2020 | The issuer raised approximately $289,125 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| July 28, 2020 | Offering | $25,000 | $850,000 | August 28, 2020 | sec.gov | |
| May 22, 2020 | Offering | $25,000 | $850,000 | July 17, 2020 | sec.gov |
Updated May 2, 2022. 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.