Data / Crowdfunding / California / Sorting Robotics, Inc.
Sorting Robotics, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,001 to $1,233,065 (2024)
Sorting Robotics, Inc., a corporation in Van Nuys, CA, filed a Form C with the SEC on November 29, 2024 to raise $50,001 to $1,233,065 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $6,391,101 in revenue and $1,127,698 in net income, with 11 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.sortingrobotics.com
- Funding portal
- Wefunder Portal LLC
- Address
- 6837 Hayvenhurst Avenue, Van Nuys, CA 91406
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 28, 2018
- SEC CIK
- 0001994587
Offering terms
From the offering filed November 29, 2024.
- Security
- Preferred Stock
- Price
- $6.39
- Target
- $50,001
- Maximum
- $1,233,065
- Deadline
- April 30, 2025
- Portal compensation
- 5.0% 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 November 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,391,101 | $3,811,030 | sec.gov |
| Cost of goods sold | $876,388 | $1,286,797 | sec.gov |
| Net income | $1,127,698 | $220,824 | sec.gov |
| Taxes paid | $322,136 | $41,978 | sec.gov |
| Total assets | $6,261,430 | $4,352,624 | sec.gov |
| Cash | $1,009,970 | $640,277 | sec.gov |
| Accounts receivable | $3,750,332 | $1,571,006 | sec.gov |
| Short-term debt | $888,724 | $345,790 | sec.gov |
| Long-term debt | $5,053,916 | $4,829,029 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 29, 2024 | Offering | $50,001 | $1,233,065 | April 30, 2025 | sec.gov | |
| November 27, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| September 26, 2024 | Withdrawal | Not listed | Not listed | sec.gov | ||
| October 25, 2023 | Offering | $50,001 | $1,233,065 | April 29, 2024 | sec.gov |
Updated November 29, 2024. 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.