Data / Crowdfunding / California / Thing Daemon, Inc.
Thing Daemon, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
Thing Daemon, Inc., a corporation in San Diego, CA, filed a Form C with the SEC on August 19, 2020 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on September 18, 2020. In its most recent fiscal year it reported $877,311 in revenue and a net loss of $4,266,061, with 15 employees.
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- Website
- fancy.com
- Funding portal
- Wefunder Portal LLC
- Address
- 12121 Scripps Summit Drive Suite 305, San Diego, CA 92131
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 30, 2010
- SEC CIK
- 0001493022
Offering terms
From the amendment filed August 19, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- September 18, 2020
- 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/A filed August 19, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $877,311 | $2,165,305 | sec.gov |
| Cost of goods sold | $4,188,158 | $4,356,237 | sec.gov |
| Net income | $-4,266,061 | $-6,561,191 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $418,623 | $1,590,217 | sec.gov |
| Cash | $418,623 | $1,496,945 | sec.gov |
| Accounts receivable | $0 | $90,792 | sec.gov |
| Short-term debt | $536,491 | $390,019 | sec.gov |
| Long-term debt | $100,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 19, 2020 | Amendment | $50,000 | $1,070,000 | September 18, 2020 | Adding CPA reviewed financial statements for 2018 and 2019; Adding a Lead Investor | sec.gov |
| June 4, 2020 | Offering | $50,000 | $1,070,000 | September 18, 2020 | sec.gov |
Updated August 19, 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.