Loop Devices Inc.

CIK: 1733785DEIncorporated: 2014-12-23

Current Offering

$50,000
Target Amount
$1,070,000
Maximum Amount
2018-09-21
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 5%
5.0% 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.
Equity compensation: 2%
Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

Financial Reports

Offering via Wefunder

Offering History

As of 2018-03-26
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-09-21
Filing date2018-03-26
Current employees5
Act received most recent fiscal year$5,596
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$424.00
Cash equi prior fiscal year$99,541
Cost goods sold most recent fiscal year$254,585
Cost goods sold prior fiscal year$0.00
Long term debt most recent fiscal year$124,556
Long term debt prior fiscal year$43,655
Net income most recent fiscal year-$2,422,983.00
Net income prior fiscal year-$2,266,575.00
Revenue most recent fiscal year$291,997
Revenue prior fiscal year$0.00
Short term debt most recent fiscal year$939,858
Short term debt prior fiscal year$890,480
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$319,488
Total asset prior fiscal year$368,764

Company Information

Corporation
DE
2014-12-23

Latest Metrics

Employees5
Total Assets$319,488
Cash on Hand$424.00
Revenues$291,997
Net Income-$2,422,983.00

Crowdfunding Portals

This company is raising funds through this portal