Data / Crowdfunding / North Carolina / VitalFlo Inc.
VitalFlo Inc.: crowdfunding raise on Wefunder Portal LLC, $185,000 to $1,000,000 (2023)
VitalFlo Inc., a corporation in Raleigh, NC, filed a Form C with the SEC on April 12, 2023 to raise $185,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $72,690 in revenue and a net loss of $741,679, with 8 employees.
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- Website
- vitalflohealth.com
- Funding portal
- Wefunder Portal LLC
- Address
- 224 Fayetteville St, Raleigh, NC 27601
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 28, 2017
- SEC CIK
- 0001740049
Offering terms
From the amendment filed April 12, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $185,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2023
- 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 April 12, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $72,690 | $42,877 | sec.gov |
| Cost of goods sold | $43,118 | $1,937 | sec.gov |
| Net income | $-741,679 | $-159,223 | sec.gov |
| Taxes paid | $200 | $204 | sec.gov |
| Total assets | $877,926 | $267,729 | sec.gov |
| Cash | $712,911 | $141,748 | sec.gov |
| Accounts receivable | $16,543 | $11,619 | sec.gov |
| Short-term debt | $39,277 | $75,823 | sec.gov |
| Long-term debt | $0 | $725,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 12, 2023 | Amendment | $185,000 | $1,000,000 | April 30, 2023 | Non material amendment to show an additional $100k raised offline | sec.gov |
| March 10, 2023 | Amendment | $185,000 | $1,000,000 | April 30, 2023 | Non material amendment to show an additional $150k raised offline | sec.gov |
| February 13, 2023 | Amendment | $185,000 | $1,000,000 | April 30, 2023 | Non material amendment lowering the campaign minimum (as those funds were raised offline) | sec.gov |
| January 18, 2023 | Amendment | $235,000 | $1,000,000 | April 30, 2023 | Non material amendment lowering the campaign minimum (as those funds were raised offline) | sec.gov |
| October 31, 2022 | Offering | $275,000 | $1,000,000 | April 30, 2023 | sec.gov |
Updated April 12, 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.