Data / Crowdfunding / Oregon / SousZen Inc.
SousZen Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2021)
SousZen Inc., a corporation in Sisters, OR, filed a Form C with the SEC on April 27, 2021 to raise $50,000 to $250,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $197,512 in revenue and a net loss of $40,010, with 2 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.souszen.com
- Funding portal
- Wefunder Portal LLC
- Address
- PO BOX 2265, Sisters, OR 97759
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 18, 2018
- SEC CIK
- 0001835696
Offering terms
From the amendment filed April 27, 2021.
- Security
- Convertible Note
- 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/A filed April 27, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $197,512 | $176,201 | sec.gov |
| Cost of goods sold | $50,508 | $161,958 | sec.gov |
| Net income | $-40,010 | $-294,016 | sec.gov |
| Taxes paid | $-150 | $50 | sec.gov |
| Total assets | $271,521 | $202,987 | sec.gov |
| Cash | $72,888 | $23,876 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $350 | $496,422 | sec.gov |
| Long-term debt | $522,957 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2021 | Amendment | $50,000 | $250,000 | April 30, 2022 | Adding 2020 financials, lowering maximum target, and extending offering. | sec.gov |
| January 22, 2021 | Offering | $50,000 | $350,000 | April 30, 2021 | sec.gov |
Updated April 27, 2021. 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.