Data / Crowdfunding / Arkansas / UBIF Tech Solutions Inc
UBIF Tech Solutions Inc: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $948,405 (2018)
UBIF Tech Solutions Inc, a corporation in Little Rock, AR, filed a Form C with the SEC on December 7, 2018 to raise $9,999 to $948,405 in Class A Preferred Stock through StartEngine Capital, LLC. The offering closed on March 8, 2019. In its most recent fiscal year it reported $393,888 in revenue and a net loss of $753,422, with 28 employees.
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- Website
- WWW.UBIFTECHSOLUTIONS.COM
- Funding portal
- StartEngine Capital, LLC
- Address
- 506 HICKORY CREEK COURT, Little Rock, AR 72212
- Legal form
- Corporation
- Jurisdiction
- AR
- Incorporated
- December 1, 2017
- SEC CIK
- 0001739109
Offering terms
From the offering filed December 7, 2018.
- Security
- Class A Preferred Stock
- Price
- $5.35
- Target
- $9,999
- Maximum
- $948,405
- Deadline
- March 8, 2019
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $393,888 | $0 | sec.gov |
| Cost of goods sold | $212,949 | $0 | sec.gov |
| Net income | $-753,422 | $-5,090 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $613,410 | $321,563 | sec.gov |
| Cash | $0 | $200,063 | sec.gov |
| Accounts receivable | $7,961 | $0 | sec.gov |
| Short-term debt | $382,123 | $126,653 | sec.gov |
| Long-term debt | $558,208 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 2, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| December 7, 2018 | Offering | $9,999 | $948,405 | March 8, 2019 | sec.gov | |
| December 6, 2018 | Withdrawal | Not listed | Not listed | sec.gov | ||
| December 6, 2018 | Offering | $9,999 | $948,405 | February 28, 2019 | sec.gov | |
| October 10, 2018 | Progress update | $14,980 | $1,070,000 | August 6, 2018 | As of 10-3-18, there have been sales to 4 investors for a total of $121,594.80. The original Target Date was 8-6-18. However, the Issuer continued the offering until 10-3-18. That date has passed and the offering was terminated. | sec.gov |
| August 3, 2018 | Progress update | $14,980 | $1,070,000 | August 6, 2018 | As of August 3, 2018, there have been sales to four investors for a total of $121,594.80. The Target Date was August 6, 2018. However, the Issuer is continuing the offering for oversubscriptions until October 3, 2018. | sec.gov |
| July 20, 2018 | Amendment | $14,980 | $1,070,000 | August 6, 2018 | Adding audited financial statement and resubmitting offering circular. | sec.gov |
| May 8, 2018 | Offering | $14,980 | $1,070,000 | August 6, 2018 | sec.gov |
Updated March 2, 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.