Data / Crowdfunding / Massachusetts / Vansanity, Inc.
Vansanity, Inc.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,070,000 (2020)
Vansanity, Inc., a corporation in Boston, MA, filed a Form C with the SEC on August 25, 2020 to raise $250,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on October 31, 2020. In its most recent fiscal year it reported $90,805 in revenue and a net loss of $549,284, with 3 employees.
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- Website
- vansanity.com
- Funding portal
- Wefunder Portal LLC
- Address
- 500 COMMONWEALTH AVE SUITE 526, Boston, MA 02215
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 19, 2018
- SEC CIK
- 0001765208
Offering terms
From the amendment filed August 25, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,070,000
- Deadline
- October 31, 2020
- Portal compensation
- 7.5% 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-AR filed October 7, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $90,805 | $4,377 | sec.gov |
| Cost of goods sold | $140 | $0 | sec.gov |
| Net income | $-549,284 | $-283,614 | sec.gov |
| Taxes paid | $9,869 | $0 | sec.gov |
| Total assets | $1,387,948 | $954,154 | sec.gov |
| Cash | $1,001,972 | $269,821 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $38,590 | $9,945 | sec.gov |
| Long-term debt | $149,900 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 8, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 7, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| August 25, 2020 | Amendment | $250,000 | $1,070,000 | October 31, 2020 | Adding a Lead Investor. | sec.gov |
| May 1, 2020 | Offering | $250,000 | $1,070,000 | August 28, 2020 | sec.gov |
Updated October 8, 2021. 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.