Current Offering
$50,000
Target Amount
$107,000
Maximum Amount
2018-04-30
Deadline
Security Details
Type: Series A Preferred Membership Interest
Price per share: $1.00
Shares offered: 50,000+
Offering Costs
Cash commission: 7%
7.0%
Equity compensation: 2%
The First Democracy VC, will be entitled to receive a number of units of Series A Preferred Membership Interest of the issuer that is equal to two percent (2%) of the total number of units sold by the issuer in in the Offering.
Financial Reports
Offering via FIRST DEMOCRACY VC
Offering History
As of 2018-03-05
Raising $50,000 -$107,000 via 50,000+ shares of series A Preferred Membership Interest at $1.00 per share
Deadline: 2018-04-30
| Filing date | 2018-03-05 |
|---|---|
| Current employees | 30 |
| Act received most recent fiscal year | $39,550 |
| Act received prior fiscal year | $52,243 |
| Cash equi most recent fiscal year | -$21,862.48 |
| Cash equi prior fiscal year | $4,712 |
| Cost goods sold most recent fiscal year | $850,079 |
| Cost goods sold prior fiscal year | $673,749 |
| Long term debt most recent fiscal year | $1,404,657 |
| Long term debt prior fiscal year | $1,418,046 |
| Net income most recent fiscal year | -$113,085.06 |
| Net income prior fiscal year | -$90,361.20 |
| Revenue most recent fiscal year | $2,232,389 |
| Revenue prior fiscal year | $2,043,190 |
| Short term debt most recent fiscal year | $298,932 |
| Short term debt prior fiscal year | $65,872 |
| Tax paid most recent fiscal year | $118,690 |
| Tax paid prior fiscal year | $113,965 |
| Total asset most recent fiscal year | $1,200,349 |
| Total asset prior fiscal year | $875,889 |
Company Information
Latest Metrics
Employees30
Total Assets$1,200,349
Cash on Hand-$21,862.48
Revenues$2,232,389
Net Income-$113,085.06