Data / Crowdfunding / California / SURFUP, INC.
SURFUP, INC.: crowdfunding raise on MicroVenture Marketplace Inc., $25,000 to $250,000 (2021)
SURFUP, INC., a corporation in San Diego, CA, filed a Form C with the SEC on April 5, 2021 to raise $25,000 to $250,000 in debt through MicroVenture Marketplace Inc.. The offering closed on August 2, 2021. In its most recent fiscal year it reported $5,471 in revenue and a net loss of $31,154, with 4 employees.
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- Website
- www.surfupapp.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 4079 GOVERNOR DRIVE UNIT #1053, San Diego, CA 92122
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 31, 2019
- SEC CIK
- 0001844509
Offering terms
From the amendment filed April 5, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $250,000
- Deadline
- August 2, 2021
- Portal compensation
- The issuer shall pay to the intermediary a fee consisting of five percent (5%) commission based on the amount raised in the Offering and paid upon disbursement of funds from escrow after the conclusion of the Offering.
Financials
From the Form C-AR filed July 22, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,471 | $724 | sec.gov |
| Cost of goods sold | $1,524 | $100 | sec.gov |
| Net income | $-31,154 | $-29,431 | sec.gov |
| Taxes paid | $1,522 | $513 | sec.gov |
| Total assets | $28,242 | $5,531 | sec.gov |
| Cash | $12,195 | $2,663 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,417 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 22, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| July 22, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| August 9, 2021 | Progress update | $25,000 | $250,000 | August 2, 2021 | $41,222 in investments. Payments till processing; final figure not yet determined. | sec.gov |
| April 5, 2021 | Amendment | $25,000 | $250,000 | August 2, 2021 | Including a webinar transcription. | sec.gov |
| March 2, 2021 | Offering | $25,000 | $250,000 | August 2, 2021 | sec.gov |
Updated July 22, 2022. 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.