Data / Crowdfunding / New York / The Sill, Inc.
The Sill, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
The Sill, Inc., a corporation in New York, NY, filed a Form C with the SEC on September 25, 2023 to raise $50,000 to $1,235,000 in preferred stock through Wefunder Portal LLC. The offering closed on December 31, 2023. In its most recent fiscal year it reported $13,412,118 in revenue and a net loss of $6,726,587, with 22 employees.
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- Website
- www.thesill.com
- Funding portal
- Wefunder Portal LLC
- Address
- 511 Avenue of the Americas #7151, New York, NY 10011
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 16, 2011
- SEC CIK
- 0001994243
Offering terms
From the offering filed September 25, 2023.
- Security
- Preferred Stock
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- December 31, 2023
- 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-U filed January 9, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $13,412,118 | $16,493,031 | sec.gov |
| Cost of goods sold | $8,328,113 | $10,635,360 | sec.gov |
| Net income | $-6,726,587 | $-6,911,049 | sec.gov |
| Taxes paid | $15,485 | $19,152 | sec.gov |
| Total assets | $5,627,402 | $5,955,314 | sec.gov |
| Cash | $1,203,814 | $3,269,453 | sec.gov |
| Accounts receivable | $0 | $34,705 | sec.gov |
| Short-term debt | $10,837,612 | $5,128,221 | sec.gov |
| Long-term debt | $4,987,770 | $4,510,953 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 9, 2024 | Progress update | $50,000 | $1,235,000 | December 31, 2023 | The final number is $158,402 in investments. | sec.gov |
| September 25, 2023 | Offering | $50,000 | $1,235,000 | December 31, 2023 | sec.gov |
Updated January 9, 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.