Data / Crowdfunding / California / Sunken Stone Inc.
Sunken Stone Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
Sunken Stone Inc., a corporation in San Diego, CA, filed a Form C with the SEC on October 19, 2020 to raise $50,000 to $1,070,000 in preferred stock through Wefunder Portal LLC. The offering closed on February 11, 2021. In its most recent fiscal year it reported $31,496,566 in revenue and $141,544 in net income, with 18 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.sunkenstone.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1041 Market St 397, San Diego, CA 92101
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 17, 2009
- SEC CIK
- 0001820483
Offering terms
From the offering filed October 19, 2020.
- Security
- Preferred Stock
- Price
- $5.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- February 11, 2021
- 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 filed October 19, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $31,496,566 | $21,460,468 | sec.gov |
| Cost of goods sold | $29,094,755 | $19,492,106 | sec.gov |
| Net income | $141,544 | $256,911 | sec.gov |
| Taxes paid | $35,609 | $17,287 | sec.gov |
| Total assets | $1,247,972 | $1,124,694 | sec.gov |
| Cash | $504,580 | $544,429 | sec.gov |
| Accounts receivable | $21,849 | $3,000 | sec.gov |
| Short-term debt | $1,152,799 | $926,618 | sec.gov |
| Long-term debt | $95,412 | $95,412 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 19, 2020 | Offering | $50,000 | $1,070,000 | February 11, 2021 | sec.gov |
Updated October 19, 2020. 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.