Data / Crowdfunding / Texas / Van Cleave Dry Goods LLC
Van Cleave Dry Goods LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $350,000 (2018)
Van Cleave Dry Goods LLC, a limited liability company in Frisco, TX, filed a Form C with the SEC on August 1, 2018 to raise $50,000 to $350,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on July 31, 2018. In its most recent fiscal year it reported $168,855 in revenue and $21,660 in net income, with 1 employees.
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- Website
- www.vcdrygoods.com
- Funding portal
- Wefunder Portal LLC
- Address
- 11026 Snyder Dr, Frisco, TX 75035
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- February 3, 2014
- SEC CIK
- 0001739379
Offering terms
From the amendment filed August 1, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $350,000
- Deadline
- July 31, 2018
- Portal compensation
- 5.0% 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-AR filed April 24, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $168,855 | $109,012 | sec.gov |
| Cost of goods sold | $-71,097 | $-85,851 | sec.gov |
| Net income | $21,660 | $-41,993 | sec.gov |
| Taxes paid | $-776 | $-163 | sec.gov |
| Total assets | $100,709 | $21,891 | sec.gov |
| Cash | $35,323 | $8,815 | sec.gov |
| Accounts receivable | $57,847 | $1,865 | sec.gov |
| Short-term debt | $19,433 | $12,638 | sec.gov |
| Long-term debt | $27,900 | $26,109 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 24, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| August 1, 2018 | Amendment | $50,000 | $350,000 | July 31, 2018 | Changed deadline date, and updated business plan. | sec.gov |
| June 8, 2018 | Offering | $50,000 | $350,000 | December 4, 2018 | sec.gov |
Updated April 24, 2019. 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.