Data / Crowdfunding / Florida / WhereBy.Us Enterprises, Inc
WhereBy.Us Enterprises, Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $535,000 (2020)
WhereBy.Us Enterprises, Inc, a corporation in Miami, FL, filed a Form C with the SEC on February 26, 2020 to raise $25,000 to $535,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 29, 2020. In its most recent fiscal year it reported $1,563,335 in revenue and a net loss of $1,609,966, with 19 employees.
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- Website
- www.whereby.us
- Funding portal
- OpenDeal Portal LLC
- Address
- 1951 NW 7TH AVE SUITE 600, Miami, FL 33136
- Legal form
- Corporation
- Jurisdiction
- FL
- Incorporated
- July 8, 2014
- SEC CIK
- 0001706937
Offering terms
From the amendment filed February 26, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $535,000
- Deadline
- April 29, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR filed June 3, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,563,335 | $862,847 | sec.gov |
| Cost of goods sold | $308,534 | $51,444 | sec.gov |
| Net income | $-1,609,966 | $-1,927,213 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $372,718 | $404,948 | sec.gov |
| Cash | $313,051 | $340,066 | sec.gov |
| Accounts receivable | $24,334 | $26,781 | sec.gov |
| Short-term debt | $552,999 | $314,842 | sec.gov |
| Long-term debt | $4,969,756 | $3,649,002 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 10, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| June 3, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Progress update | $25,000 | $535,000 | April 29, 2020 | The Offering closed successfully on April 29, 2020, having received investment commitments of $150,126, although a final accounting has not taken place. | sec.gov |
| February 26, 2020 | Amendment | $25,000 | $535,000 | April 29, 2020 | The issuer is updating the offering deadline to April 29, 2020 because of a clerical error and has also re-arranged the campaign page in Exhibit E. | sec.gov |
| January 15, 2020 | Offering | $25,000 | $535,000 | April 30, 2020 | sec.gov | |
| January 15, 2020 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| January 14, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| August 21, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| August 31, 2017 | Progress update | $25,000 | $750,000 | August 28, 2017 | Our best estimate for the offering is $450,000. | sec.gov |
| June 22, 2017 | Amendment | $25,000 | $750,000 | August 28, 2017 | Correcting a clerical mistake in the Offering Memorandum. | sec.gov |
| June 19, 2017 | Offering | $25,000 | $750,000 | August 28, 2017 | sec.gov |
Updated June 10, 2020. 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.