Data / Crowdfunding / California / Sorce Technologies, Inc
Sorce Technologies, Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
Sorce Technologies, Inc, a corporation in Santa Monica, CA, filed a Form C with the SEC on August 23, 2023 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $225,950 in revenue and a net loss of $43,323, with 2 employees.
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- Website
- sorce.io
- Funding portal
- Wefunder Portal LLC
- Address
- 302 Ashland Ave Suite 205, Santa Monica, CA 90405
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 10, 2016
- SEC CIK
- 0001990586
Offering terms
From the offering filed August 23, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- 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 23, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $225,950 | $55,240 | sec.gov |
| Cost of goods sold | $95,246 | $44,130 | sec.gov |
| Net income | $-43,323 | $-302,347 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $36,764 | $77,675 | sec.gov |
| Cash | $925 | $10,725 | sec.gov |
| Accounts receivable | $0 | $19,500 | sec.gov |
| Short-term debt | $12,713 | $20,301 | sec.gov |
| Long-term debt | $385,000 | $375,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 23, 2023 | Offering | $50,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated August 23, 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.