Reel Products, Inc.

CIK: 1994247DEIncorporated: 2018-04-10

Current Offering

$50,000
Target Amount
$443,000
Maximum Amount
2024-04-29
Deadline

Security Details

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

Offering Costs

Cash commission: 8%
7.5% 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: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2023-10-10
Raising $50,000 -$443,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2024-04-29
As of 2023-11-27
Raising $50,000 -$478,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2024-04-29
Filing date2023-10-10
Current employees7
Act received most recent fiscal year$489,005
Act received prior fiscal year$67,148
Cash equi most recent fiscal year$599,569
Cash equi prior fiscal year$1,347,080
Cost goods sold most recent fiscal year$7,752,618
Cost goods sold prior fiscal year$3,800,957
Long term debt most recent fiscal year$13,765,645
Long term debt prior fiscal year$8,170,137
Net income most recent fiscal year-$8,182,001.00
Net income prior fiscal year-$5,375,412.00
Revenue most recent fiscal year$13,501,393
Revenue prior fiscal year$7,476,272
Short term debt most recent fiscal year$5,173,204
Short term debt prior fiscal year$2,910,984
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$2,913,539
Total asset prior fiscal year$3,174,039

Company Information

Other
DE
2018-04-10

Latest Metrics

Employees7
Total Assets$2,913,539
Cash on Hand$599,569
Revenues$13,501,393
Net Income-$8,182,001.00

Crowdfunding Portals

This company is raising funds through this portal