Smoked Ribs Inc, DBA Xoobies

CIK: 1735388DEIncorporated: 2016-03-09

Current Offering

$500,000
Target Amount
$1,005,000
Maximum Amount
2018-11-30
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 500,000+

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 2018-06-11
Raising $500,000 -$1,005,000 via 500,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-11-30
Filing date2018-06-11
Current employees2
Act received most recent fiscal year$0.00
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$114,462
Cash equi prior fiscal year$90,451
Cost goods sold most recent fiscal year$5,615
Cost goods sold prior fiscal year$0.00
Long term debt most recent fiscal year$0.00
Long term debt prior fiscal year$0.00
Net income most recent fiscal year-$113,916.00
Net income prior fiscal year-$12,335.00
Revenue most recent fiscal year$3,368
Revenue prior fiscal year$0.00
Short term debt most recent fiscal year$29,657
Short term debt prior fiscal year$1,729
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$711,685
Total asset prior fiscal year$90,451

Company Information

Corporation
DE
2016-03-09

Latest Metrics

Employees2
Total Assets$711,685
Cash on Hand$114,462
Revenues$3,368
Net Income-$113,916.00

Crowdfunding Portals

This company is raising funds through this portal