Data / Crowdfunding / Colorado / Xcite Interactive, Inc.
Xcite Interactive, Inc.: crowdfunding raise on Wefunder Portal LLC, $400,000 to $1,069,996 (2019)
Xcite Interactive, Inc., a corporation in Greeley, CO, filed a Form C with the SEC on December 12, 2019 to raise $400,000 to $1,069,996 in common stock through Wefunder Portal LLC. The offering closed on April 3, 2020. In its most recent fiscal year it reported $2,571,675 in revenue and $93,092 in net income, with 23 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
- www.gcmvp.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3545 W. 12th Unit 201, Greeley, CO 80634
- Legal form
- Corporation
- Jurisdiction
- CO
- Incorporated
- February 27, 2019
- SEC CIK
- 0001772401
Offering terms
From the offering filed December 12, 2019.
- Security
- Common Stock
- Price
- $5.03
- Target
- $400,000
- Maximum
- $1,069,996
- Deadline
- April 3, 2020
- 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 filed December 12, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,571,675 | $1,469,929 | sec.gov |
| Cost of goods sold | $1,117,136 | $396,194 | sec.gov |
| Net income | $93,092 | $-158,759 | sec.gov |
| Taxes paid | $39,508 | $11,879 | sec.gov |
| Total assets | $1,389,113 | $780,579 | sec.gov |
| Cash | $273 | $69,601 | sec.gov |
| Accounts receivable | $311,506 | $233,635 | sec.gov |
| Short-term debt | $731,680 | $208,696 | sec.gov |
| Long-term debt | $3,866 | $41,672 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 12, 2019 | Offering | $400,000 | $1,069,996 | April 3, 2020 | sec.gov |
Updated December 12, 2019. 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.