Data / Crowdfunding / California / Tall Idea Labs, Inc.
Tall Idea Labs, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2020)
Tall Idea Labs, Inc., a corporation in Sunnyvale, CA, filed a Form C with the SEC on April 16, 2020 to raise $10,000 to $1,070,000 in common stock through StartEngine Capital, LLC. The offering closed on June 15, 2020. In its most recent fiscal year it reported $345,000 in revenue and a net loss of $497,780, with 5 employees.
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- Website
- www.commerce.ai
- Funding portal
- StartEngine Capital, LLC
- Address
- 440 N WOLFE RD, Sunnyvale, CA 94085
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 3, 2014
- SEC CIK
- 0001716174
Offering terms
From the amendment filed April 16, 2020.
- Security
- Common Stock
- Price
- $2.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- June 15, 2020
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR filed May 4, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $345,000 | $708,200 | sec.gov |
| Cost of goods sold | $54,000 | $110,482 | sec.gov |
| Net income | $-497,780 | $-377,182 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,700,120 | $2,376,263 | sec.gov |
| Cash | $300,000 | $984,500 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $800 | $800 | sec.gov |
| Long-term debt | $71,952 | $158,591 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 4, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 23, 2020 | Progress update | $10,000 | $1,070,000 | June 15, 2020 | At the close of the offering, the issuer closed on $1,070,000 and 557,690 number of securities. | sec.gov |
| April 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 16, 2020 | Amendment | $10,000 | $1,070,000 | June 15, 2020 | Issuer provided updated financials and extended their campaign. | sec.gov |
| February 14, 2020 | Amendment | $10,000 | $1,070,000 | April 20, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| January 7, 2020 | Amendment | $10,000 | $1,070,000 | February 18, 2020 | Increased max funding goal and updated financials with independent CPA review. | sec.gov |
| December 19, 2019 | Offering | $10,000 | $107,000 | February 18, 2020 | sec.gov | |
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 28, 2017 | Progress update | $25,000 | $1,070,000 | November 17, 2017 | The issuer raised approximately $420,700 during the offering period. Payment are still being processed; the exact amount has yet to be determined. | sec.gov |
| September 18, 2017 | Offering | $25,000 | $1,070,000 | November 17, 2017 | sec.gov |
Updated May 1, 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.