Data / Crowdfunding / Texas / SPARKLE INNOVATIONS INC
SPARKLE INNOVATIONS INC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
SPARKLE INNOVATIONS INC, a corporation in Irving, TX, filed a Form C with the SEC on March 6, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on June 30, 2020. In its most recent fiscal year it reported $0 in revenue and a net loss of $24,738.
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- Website
- sparkle.life
- Funding portal
- OpenDeal Portal LLC
- Address
- 4116 SAGUARO LANE, Irving, TX 75063
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 25, 2019
- SEC CIK
- 0001800037
Offering terms
From the offering filed March 6, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- June 30, 2020
- Portal compensation
- 6% of the amount raised in the offering.
Financials
From the Form C-AR filed April 21, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-24,738 | $-14,662 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $158,899 | $4,663 | sec.gov |
| Cash | $158,055 | $4,624 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $24,458 | $19,285 | sec.gov |
| Long-term debt | $173,801 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 21, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 21, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 2, 2021 | Progress update | Not listed | Not listed | This Form C-U shall serve as a final update regarding the offering that ended July 1, 2020. This is intended to update and correct the Form C-Us previously submitted. The final accounting indicates that the total amount raised was $192,866.63. | sec.gov | |
| March 18, 2021 | Progress update | $25,000 | $1,070,000 | June 30, 2020 | The Offering closed successfully on 7/01 having received investment commitments of $202,516, although a final accounting has not taken place. | sec.gov |
| July 2, 2020 | Progress update | $25,000 | $1,070,000 | June 30, 2020 | The Offering closed successfully on 7/01 having received investment commitments of $202,516, although a final accounting has not taken place. | sec.gov |
| March 6, 2020 | Offering | $25,000 | $1,070,000 | June 30, 2020 | sec.gov |
Updated April 21, 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.