Data / Crowdfunding / California / SpaceFab.US, Inc.
SpaceFab.US, Inc.: crowdfunding raise on Wefunder Portal LLC, $150,000 to $1,070,000 (2018)
SpaceFab.US, Inc., a corporation in Laguna Niguel, CA, filed a Form C with the SEC on February 15, 2018 to raise $150,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on March 23, 2018. In its most recent fiscal year it reported $250 in revenue and a net loss of $56,147, with 2 employees.
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- Website
- www.spacefab.us
- Funding portal
- Wefunder Portal LLC
- Address
- 30542 Via Estoril, Laguna Niguel, CA 92677
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 7, 2016
- SEC CIK
- 0001698837
Offering terms
From the amendment filed February 15, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $150,000
- Maximum
- $1,070,000
- Deadline
- March 23, 2018
- Portal compensation
- 3.0% 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-AR filed April 29, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $250 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-56,147 | $-17,743 | sec.gov |
| Taxes paid | $800 | $800 | sec.gov |
| Total assets | $101,744 | $1,328 | sec.gov |
| Cash | $97,516 | $1,328 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $24,875 | $800 | sec.gov |
| Long-term debt | $164,315 | $15,118 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 25, 2018 | Progress update | $150,000 | $1,070,000 | March 23, 2018 | $168,697.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| February 15, 2018 | Amendment | $150,000 | $1,070,000 | March 23, 2018 | Extended deadline date, and updated business plan. | sec.gov |
| August 31, 2017 | Offering | $150,000 | $1,000,000 | February 23, 2018 | sec.gov |
Updated April 29, 2019. 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.