Data / Crowdfunding / New York / VAUTE COUTURE, INC.
VAUTE COUTURE, INC.: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,000,000 (2017)
VAUTE COUTURE, INC., a corporation in New York, NY, filed a Form C with the SEC on October 27, 2017 to raise $250,000 to $1,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on November 2, 2017. In its most recent fiscal year it reported $1,418,955 in revenue and a net loss of $676,746, with 3 employees.
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- Website
- VauteNYC.com
- Funding portal
- Wefunder Portal LLC
- Address
- 319 Lafayette Street Storefront, New York, NY 10012
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 25, 2017
- SEC CIK
- 0001641307
Offering terms
From the amendment filed October 27, 2017.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- November 2, 2017
- Portal compensation
- 4.0% 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 May 3, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,418,955 | $858,293 | sec.gov |
| Cost of goods sold | $463,422 | $398,742 | sec.gov |
| Net income | $-676,746 | $-382,964 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $570,545 | $448,357 | sec.gov |
| Cash | $9,880 | $5,684 | sec.gov |
| Accounts receivable | $9,710 | $16,875 | sec.gov |
| Short-term debt | $924,767 | $433,098 | sec.gov |
| Long-term debt | $1,345,156 | $1,536,274 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 16, 2017 | Progress update | $250,000 | $1,000,000 | November 2, 2017 | $355,568.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| October 27, 2017 | Amendment | $250,000 | $1,000,000 | November 2, 2017 | Changed closing date, corrected officers and voting power, included video transcripts, and updated business plan. | sec.gov |
| June 13, 2017 | Offering | $250,000 | $1,000,000 | December 10, 2017 | sec.gov |
Updated May 3, 2018. 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.