Data / Crowdfunding / Utah / Virtualities, Inc.
Virtualities, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,059,598 (2022)
Virtualities, Inc., a corporation in Salt Lake City, UT, filed a Form C with the SEC on July 29, 2022 to raise $9,999 to $1,059,598 in Non-Voting Preferred Stock through StartEngine Capital, LLC. The offering closed on August 31, 2022. In its most recent fiscal year it reported $317,807 in revenue and a net loss of $21,836, with 14 employees.
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- Website
- www.valvr.com
- Funding portal
- StartEngine Capital, LLC
- Address
- VIRTUALITIES,INC.KILN26SRIOGRANDEST#2072 ST # 2072, Salt Lake City, UT 84101
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 8, 2018
- SEC CIK
- 0001916587
Offering terms
From the amendment filed July 29, 2022.
- Security
- Non-Voting Preferred Stock
- Price
- $1.20
- Target
- $9,999
- Maximum
- $1,059,598
- Deadline
- August 31, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed September 8, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $317,807 | $224,403 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-21,836 | $-495 | sec.gov |
| Taxes paid | $0 | $-495 | sec.gov |
| Total assets | $9,941 | $315,954 | sec.gov |
| Cash | $9,166 | $299,799 | sec.gov |
| Accounts receivable | $0 | $12,262 | sec.gov |
| Short-term debt | $92,729 | $31,966 | sec.gov |
| Long-term debt | $17,426 | $377,807 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 8, 2022 | Progress update | $9,999 | $1,059,598 | August 31, 2022 | At the close of the offering, the issuer closed on $47,081.71 and 43,754 number of securities. | sec.gov |
| July 29, 2022 | Amendment | $9,999 | $1,059,598 | August 31, 2022 | Issuer is extending campaign end date. | sec.gov |
| June 24, 2022 | Amendment | $9,999 | $1,059,598 | August 1, 2022 | Issuer is extending campaign end date. | sec.gov |
| April 29, 2022 | Amendment | $9,999 | $1,059,598 | June 30, 2022 | Correcting Revenue and Sales Numbers and Correcting Description of Amendment: Issuer is Extending Campaign 60 Days and uploading 2020/2021 Financials. | sec.gov |
| April 27, 2022 | Amendment | $9,999 | $1,059,598 | June 30, 2022 | Issuer is Extending Their Campaign 60 Days | sec.gov |
| April 27, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 18, 2022 | Offering | $9,999 | $1,059,598 | April 30, 2022 | sec.gov |
Updated September 8, 2022. 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.