Data / Crowdfunding / Texas / Spinster Sisters, Inc.
Spinster Sisters, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $376,000 (2022)
Spinster Sisters, Inc., a corporation in Golden, TX, filed a Form C with the SEC on January 7, 2022 to raise $50,000 to $376,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $1,194,979 in revenue and a net loss of $421,885, with 16 employees.
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- Website
- spinstersisters.co
- Funding portal
- Wefunder Portal LLC
- Address
- 301 COMMERCIAL RD SUITE G, Golden, TX 80401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 14, 2019
- SEC CIK
- 0001855137
Offering terms
From the offering filed January 7, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $376,000
- Deadline
- April 30, 2022
- 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-AR/A filed February 3, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,194,979 | $1,315,279 | sec.gov |
| Cost of goods sold | $634,356 | $661,527 | sec.gov |
| Net income | $-421,885 | $-191,274 | sec.gov |
| Taxes paid | $41,415 | $0 | sec.gov |
| Total assets | $397,291 | $280,222 | sec.gov |
| Cash | $49,995 | $42,180 | sec.gov |
| Accounts receivable | $62,118 | $21,839 | sec.gov |
| Short-term debt | $155,004 | $212,155 | sec.gov |
| Long-term debt | $926,107 | $471,743 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 3, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| February 3, 2023 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 7, 2022 | Offering | $50,000 | $376,000 | April 30, 2022 | sec.gov | |
| September 2, 2021 | Progress update | $25,000 | $750,000 | September 1, 2021 | The Offering closed successfully on 9/02/2021, having received investment commitments of $161,481.42, although a final accounting has not taken place. | sec.gov |
| June 2, 2021 | Amendment | $25,000 | $750,000 | September 1, 2021 | Revision to Offering Page | sec.gov |
| May 17, 2021 | Offering | $25,000 | $750,000 | September 1, 2021 | sec.gov |
Updated February 3, 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.