Data / Crowdfunding / California / YOURVIRTUALSIM INC
YOURVIRTUALSIM INC: crowdfunding raise on OpenDeal Inc., $25,000 to $500,000 (2018)
YOURVIRTUALSIM INC, a corporation in San Francisco, CA, filed a Form C with the SEC on July 23, 2018 to raise $25,000 to $500,000 in Units of Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on October 31, 2018. In its most recent fiscal year it reported $261,637 in revenue and a net loss of $200,895, with 1 employees.
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- Website
- www.ring4.com
- Funding portal
- OpenDeal Inc.
- Address
- 626 capp street #304, San Francisco, CA 94110
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 12, 2012
- SEC CIK
- 0001739119
Offering terms
From the offering filed July 23, 2018.
- Security
- Units of Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $500,000
- Deadline
- October 31, 2018
- Portal compensation
- 6.0% of the amount raised
Financials
From the Form C-AR filed May 1, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $261,637 | $152,451 | sec.gov |
| Cost of goods sold | $79,939 | $36,550 | sec.gov |
| Net income | $-200,895 | $-129,406 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $73,819 | $186,677 | sec.gov |
| Cash | $73,819 | $186,677 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $11,437 | $8,870 | sec.gov |
| Long-term debt | $392,762 | $307,291 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| November 5, 2018 | Progress update | $25,000 | $500,000 | October 31, 2018 | The Company successfully completed its Reg. CF offering, raising approximately $101,067 on November 3, 2018, although final accounting has not been completed. | sec.gov |
| July 23, 2018 | Offering | $25,000 | $500,000 | October 31, 2018 | sec.gov |
Updated April 30, 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.