Data / Crowdfunding / New York / Sup China Inc.
Sup China Inc.: crowdfunding raise on Wefunder Portal LLC, $50,002 to $3,499,998 (2023)
Sup China Inc., a corporation in New York, NY, filed a Form C with the SEC on April 27, 2023 to raise $50,002 to $3,499,998 in common stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $1,071,592 in revenue and a net loss of $1,990,874, with 12 employees.
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- Website
- www.thechinaproject.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1107 5th Avenue, New York, NY 10128
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 22, 2015
- SEC CIK
- 0001886150
Offering terms
From the amendment filed April 27, 2023.
- Security
- Common Stock
- Price
- $2.54
- Target
- $50,002
- Maximum
- $3,499,998
- Deadline
- April 29, 2024
- 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/A filed April 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,071,592 | $1,078,197 | sec.gov |
| Cost of goods sold | $0 | $18,876 | sec.gov |
| Net income | $-1,990,874 | $-1,133,057 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $457,075 | $948,072 | sec.gov |
| Cash | $58,960 | $609,675 | sec.gov |
| Accounts receivable | $62,474 | $7,364 | sec.gov |
| Short-term debt | $2,087,354 | $2,079,159 | sec.gov |
| Long-term debt | $0 | $6,398,793 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 8, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 27, 2023 | Amendment | $50,002 | $3,499,998 | April 29, 2024 | Adding 2022 financial statements, extending the close date | sec.gov |
| December 2, 2022 | Offering | $50,002 | $3,499,998 | April 30, 2023 | sec.gov | |
| September 19, 2022 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| September 19, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Progress update | $25,000 | $5,000,000 | April 28, 2022 | The company sold approximately 527,642 shares of Non-Voting Common Stock for gross proceeds of $1,477,399. | sec.gov |
| October 26, 2021 | Offering | $25,000 | $5,000,000 | April 28, 2022 | sec.gov |
Updated February 8, 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.