Data / Crowdfunding / Minnesota / Vugo, Inc
Vugo, Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,069,999 (2021)
Vugo, Inc, a corporation in Wayzata, MN, filed a Form C with the SEC on April 19, 2021 to raise $50,000 to $1,069,999 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $12,394 in revenue and a net loss of $311,943, with 4 employees.
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- Website
- GoVugo.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1161 Wayzata Blvd E., Suite 172, Wayzata, MN 55391
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 5, 2015
- SEC CIK
- 0001834747
Offering terms
From the amendment filed April 19, 2021.
- Security
- Preferred Stock
- Price
- $0.78
- Target
- $50,000
- Maximum
- $1,069,999
- Deadline
- April 30, 2022
- 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 19, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $12,394 | $7,993 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-311,943 | $-313,908 | sec.gov |
| Taxes paid | $205 | $731 | sec.gov |
| Total assets | $41,644 | $290,145 | sec.gov |
| Cash | $1,009 | $241,484 | sec.gov |
| Accounts receivable | $3,450 | $3,450 | sec.gov |
| Short-term debt | $139,762 | $102,943 | sec.gov |
| Long-term debt | $559,056 | $532,435 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 19, 2021 | Amendment | $50,000 | $1,069,999 | April 30, 2022 | C/A - Adding 2020 financials (Katie) | sec.gov |
| December 26, 2020 | Offering | $50,000 | $1,069,999 | April 29, 2021 | sec.gov |
Updated April 19, 2021. 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.