Data / Crowdfunding / Maryland / Throne Labs, Inc.
Throne Labs, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
Throne Labs, Inc., a corporation in Brentwood, MD, filed a Form C with the SEC on September 22, 2023 to raise $50,000 to $1,235,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $7,250 in revenue and a net loss of $3,323,773, with 13 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
- www.thronelabs.co
- Funding portal
- Wefunder Portal LLC
- Address
- 3415 WINDOM RD, Brentwood, MD 20722
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 15, 2020
- SEC CIK
- 0001971726
Offering terms
From the amendment filed September 22, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- Portal compensation
- <p>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.</p>
Financials
From the Form C/A filed September 22, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $7,250 | $0 | sec.gov |
| Cost of goods sold | $99,709 | $60,014 | sec.gov |
| Net income | $-3,323,773 | $-1,710,088 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,346,324 | $4,244,553 | sec.gov |
| Cash | $742,204 | $3,323,343 | sec.gov |
| Accounts receivable | $2,500 | $2,314 | sec.gov |
| Short-term debt | $622,890 | $139,620 | sec.gov |
| Long-term debt | $24,069 | $81,794 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 22, 2023 | Amendment | $50,000 | $1,235,000 | April 29, 2024 | Updating Document Format | sec.gov |
| April 24, 2023 | Offering | $50,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated September 22, 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.