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Crowdfunding

Local Choice Inc

Deadline passed 2018-08-20

Corporation · South Carolina · Incorporated 2010-12-21

  • CIK 1741753
  • File 020-24405
  • State SC
Target Amount
$50,000
minimum to close
Maximum Amount
$1,070,000
ceiling, with over-subscription
Deadline
2018-08-20
as the latest Form C set it

Connected

named in its Form C filings
Funding portalFirst Democracy VCFiling · 2020-04-15Form C 020-24405Financials · dashboardReported figures by fiscal year
Local Choice IncCIK 1741753

The intermediary named in this company’s Form C filings. Investments in a Regulation Crowdfunding offering can only be made through them.

Latest Reported Offering

The terms on the latest Form C

Security Details

Type
Other
Price per share
$1.00
Shares offered
50,000+

Offering Costs

Cash commission
—
The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of seven percent (7.0%) commission based on the amount of investments raised in the Offering.
Equity compensation
—
The intermediary will receive a number of Crowd Notes of the issuer that is equal to two percent (2.0%) of the total number of Securities sold by the issuer in the Offering.

Campaign timeline

target amount · by first filed
2018-06-22 · $50,000
  1. 2018-06-22$50,000020-24405

Hover a dot or row, or tab through the dots · bars scaled to the largest round ($50,000)

Filing history

Form C family — 4 filings
FiledFormFile numberPortalWhat it statesWhat the filer said
C-TR020-24405First Democracy VC——
C-AR020-24405First Democracy VCRevenue $1.7M · net income $115K · 0 employees—
C-U020-24405First Democracy VC$50K target, up to $1.1M · Crowd Note at $1.00 · closes 2018-08-20The issuer raised approximately $68,801 during the offering period. Payments are still being processed; the exact amount has yet to be determined.
C020-24405First Democracy VC$50K target, up to $1.1M · Crowd Note at $1.00 · closes 2018-08-20—

Company Information

Legal Status
Corporation
Jurisdiction
South Carolina
Date of Incorporation
2010-12-21
Website
www.localchoicespirits.com

Latest Metrics

Most recent fiscal year, as the latest filing reports it

Employees
0
Total Assets
$743,574
Cash on Hand
$84,396
Revenues
$1,689,008
Net Income
$114,963

Form C prints a most-recent and a prior fiscal year side by side but never names them. The dashboard chains every filing into those years and plots them. EDGAR still has each Form C-AR; the dashboard lays every year they filed next to it.

  • Reported financials chained into fiscal years — revenue, income, assets, cash — not one filing at a time
  • A sparkline on each figure so the shape is visible before the numbers
  • A revenue series dated to the filings that reported it
  • The campaign as filed: target, ceiling, deadline, and the portal that ran it
  • Follow it, and see it change on your watchlist

Part of the Crowdfunding plan — $40/mo at launch pricing ($100 list)

See plans

View all SEC filings ↗