Data / Crowdfunding / Virginia / theCut LLC
theCut LLC: crowdfunding raise on OpenDeal Inc., $50,000 to $350,000 (2018)
theCut LLC, a corporation in Vienna, VA, filed a Form C with the SEC on January 18, 2018 to raise $50,000 to $350,000 in Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on March 23, 2018. In its most recent fiscal year it reported $309,478 in revenue and $14,793 in net income, with 6 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- thecut.co
- Funding portal
- OpenDeal Inc.
- Address
- 1595 SPRING HILL RD. SUITE 310, Vienna, VA 22182
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 3, 2018
- SEC CIK
- 0001726635
Offering terms
From the offering filed January 18, 2018.
- Security
- Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $350,000
- Deadline
- March 23, 2018
- Portal compensation
- 5.0% of the amount raised
Financials
From the Form C-AR filed April 21, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $309,478 | $69,169 | sec.gov |
| Cost of goods sold | $244,503 | $319,241 | sec.gov |
| Net income | $14,793 | $-250,072 | sec.gov |
| Taxes paid | $50,541 | $0 | sec.gov |
| Total assets | $543,498 | $47,249 | sec.gov |
| Cash | $543,498 | $47,249 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 21, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| June 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 5, 2018 | Progress update | $50,000 | $350,000 | March 23, 2018 | The Issuer raised approximately $98,503 during the offering period. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| January 18, 2018 | Offering | $50,000 | $350,000 | March 23, 2018 | sec.gov |
Updated April 24, 2020. 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.