Data / Crowdfunding / California / Virtual World Computing LLC
Virtual World Computing LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
Virtual World Computing LLC, a limited liability company in Santa Barbara, CA, filed a Form C with the SEC on July 6, 2023 to raise $50,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $5,700 in revenue and a net loss of $1,023,920, with 1 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- tuskbrowser.com
- Funding portal
- Wefunder Portal LLC
- Address
- 5383 Hollister Ave. Suite 120, Santa Barbara, CA 93111
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- January 22, 2008
- SEC CIK
- 0001502880
Offering terms
From the amendment filed July 6, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- 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/A filed July 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,700 | $51,887 | sec.gov |
| Cost of goods sold | $12,377 | $31,216 | sec.gov |
| Net income | $-1,023,920 | $-602,907 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $159,986 | $449,908 | sec.gov |
| Cash | $126,689 | $408,990 | sec.gov |
| Accounts receivable | $5,056 | $9,032 | sec.gov |
| Short-term debt | $1,250,329 | $516,331 | sec.gov |
| Long-term debt | $1,772,650 | $1,772,650 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 6, 2023 | Amendment | $50,000 | $1,235,000 | April 29, 2024 | Adding 2021 and 2022 reviewed financials and raising max target | sec.gov |
| April 24, 2023 | Amendment | $50,000 | $124,000 | April 30, 2023 | Adding 2022 financials and extending campaign. | sec.gov |
| December 22, 2022 | Offering | $50,000 | $124,000 | April 30, 2023 | sec.gov | |
| October 27, 2020 | Amendment | $20,000 | $250,000 | February 28, 2021 | Extending Offering deadline; adding COVID-19 temporary rules disclosures; changing Escrow Agent; and updating information related to indebtedness and current capitalization of the Company. | sec.gov |
| August 28, 2020 | Offering | $20,000 | $250,000 | October 27, 2020 | sec.gov |
Updated July 6, 2023. 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.