Data / Crowdfunding / California / Suitable, Inc.
Suitable, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $535,000 (2021)
Suitable, Inc., a corporation in Lawndale, CA, filed a Form C with the SEC on November 8, 2021 to raise $25,000 to $535,000 in preferred stock through SI SECURITIES, LLC. The offering closed on January 29, 2022. In its most recent fiscal year it reported $10,325,383 in revenue and a net loss of $61,922, with 7 employees.
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- Website
- senestudio.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 15701 CONDON AVE, UNIT B3 UNIT B3, Lawndale, CA 90260
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 6, 2015
- SEC CIK
- 0001788590
Offering terms
From the offering filed November 8, 2021.
- Security
- Preferred Stock
- Price
- $0.52
- Target
- $25,000
- Maximum
- $535,000
- Deadline
- January 29, 2022
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed December 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,325,383 | $6,295,292 | sec.gov |
| Cost of goods sold | $3,701,450 | $3,248,698 | sec.gov |
| Net income | $-61,922 | $1,287,023 | sec.gov |
| Taxes paid | $3,933 | $14,633 | sec.gov |
| Total assets | $913,158 | $296,767 | sec.gov |
| Cash | $196,080 | $519,588 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,601,450 | $941,594 | sec.gov |
| Long-term debt | $1,750,068 | $148,618 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 30, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| December 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 20, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 19, 2022 | Progress update | $25,000 | $535,000 | January 29, 2022 | The issuer raised approximately $294,939.55 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| November 8, 2021 | Offering | $25,000 | $535,000 | January 29, 2022 | sec.gov | |
| June 21, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 12, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 26, 2019 | Progress update | $25,000 | $952,000 | December 27, 2019 | The issuer raised approximately $224,161.91 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| October 30, 2019 | Offering | $25,000 | $952,000 | December 27, 2019 | sec.gov |
Also on SpecStream
Updated December 30, 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.