Data / Crowdfunding / Utah / Virtual Immersive Educational Worlds, Inc.
Virtual Immersive Educational Worlds, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,000,000 (2019)
Virtual Immersive Educational Worlds, Inc., a corporation in Provo, UT, filed a Form C with the SEC on March 15, 2019 to raise $100,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on June 12, 2019. In its most recent fiscal year it reported $164,036 in revenue and a net loss of $946,270, with 10 employees.
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- Website
- www.fluentworlds.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3317 N. Cottonwood Lane, Provo, UT 84604
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 15, 2014
- SEC CIK
- 0001769753
Offering terms
From the offering filed March 15, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- June 12, 2019
- Portal compensation
- <p>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.</p>
Financials
From the Form C filed March 15, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $164,036 | $39,619 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-946,270 | $-895,345 | sec.gov |
| Taxes paid | $199 | $110 | sec.gov |
| Total assets | $11,399 | $57,141 | sec.gov |
| Cash | $11,013 | $55,983 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $31,367 | $45,961 | sec.gov |
| Long-term debt | $0 | $2,934,102 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 15, 2019 | Offering | $100,000 | $1,000,000 | June 12, 2019 | sec.gov |
Also on SpecStream
Updated March 15, 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.