Current Offering
$50,000
Target Amount
$1,000,000
Maximum Amount
2017-04-30
Deadline
Security Details
Type: LLC/Membership Interests
Price per share: $1.00
Shares offered: 50,000+
Offering Costs
Cash commission: 7%
7.0%
Equity compensation: 1%
First Democracy VC will receive Warrants to purchase that number of units of Series Seed Interests equal to 1% of the total number of securities issued in the Offering.
Financial Reports
Offering via FIRST DEMOCRACY VC
Offering History
As of 2017-03-16
Raising $50,000 -$1,000,000 via 50,000+ shares of lLC/Membership Interests at $1.00 per share
Deadline: 2017-04-30
| Filing date | 2017-03-16 |
|---|---|
| Current employees | 9 |
| Act received most recent fiscal year | $92,916 |
| Act received prior fiscal year | $66,862 |
| Cash equi most recent fiscal year | $42,849 |
| Cash equi prior fiscal year | $32,709 |
| Cost goods sold most recent fiscal year | $1,102,702 |
| Cost goods sold prior fiscal year | $649,714 |
| Long term debt most recent fiscal year | $175,000 |
| Long term debt prior fiscal year | $100,000 |
| Net income most recent fiscal year | -$9,376.00 |
| Net income prior fiscal year | -$77,756.00 |
| Revenue most recent fiscal year | $1,474,176 |
| Revenue prior fiscal year | $846,044 |
| Short term debt most recent fiscal year | $20,000 |
| Short term debt prior fiscal year | $0.00 |
| Tax paid most recent fiscal year | $0.00 |
| Tax paid prior fiscal year | $0.00 |
| Total asset most recent fiscal year | $473,067 |
| Total asset prior fiscal year | $399,406 |
Company Information
Latest Metrics
Employees9
Total Assets$473,067
Cash on Hand$42,849
Revenues$1,474,176
Net Income-$9,376.00