Data / Crowdfunding / Colorado / SunState Laboratories, Inc.
SunState Laboratories, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,003 to $2,999,988 (2021)
SunState Laboratories, Inc., a corporation in Arvada, CO, filed a Form C with the SEC on October 18, 2021 to raise $100,003 to $2,999,988 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $459,422 in revenue and a net loss of $58,384, with 2 employees.
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- Website
- dazzcleaner.com
- Funding portal
- Wefunder Portal LLC
- Address
- 6612 Fig St. Suite 104, Arvada, CO 80004
- Legal form
- Corporation
- Jurisdiction
- CO
- Incorporated
- May 4, 2012
- SEC CIK
- 0001800204
Offering terms
From the offering filed October 18, 2021.
- Security
- Preferred Stock
- Price
- $12.63
- Target
- $100,003
- Maximum
- $2,999,988
- Deadline
- April 30, 2022
- Portal compensation
- 5.5% 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 filed April 14, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $459,422 | $325,299 | sec.gov |
| Cost of goods sold | $80,007 | $121,280 | sec.gov |
| Net income | $-58,384 | $-510,608 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $320,112 | $272,602 | sec.gov |
| Cash | $73,416 | $64,339 | sec.gov |
| Accounts receivable | $69,738 | $47,357 | sec.gov |
| Short-term debt | $3,629 | $55,952 | sec.gov |
| Long-term debt | $97,924 | $107,924 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 14, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 18, 2021 | Offering | $100,003 | $2,999,988 | April 30, 2022 | sec.gov | |
| October 15, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 27, 2020 | Amendment | $100,002 | $1,069,997 | July 3, 2020 | Added reviewed 2019 financials; extending campaign to July 3, 2020 | sec.gov |
| March 27, 2020 | Amendment | $100,002 | $1,069,997 | July 3, 2020 | Added reviewed 2019 financials; extending campaign to July 3, 2020 | sec.gov |
| February 20, 2020 | Amendment | $100,002 | $1,069,997 | April 30, 2020 | Increased share price to $5.00, grandfathered in first $500k investments into $3.25 share price | sec.gov |
| January 23, 2020 | Offering | $100,002 | $1,069,997 | April 30, 2020 | sec.gov |
Updated April 14, 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.