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SMARTASS & SASS

Reg CF · Convertible Note · Jun 2022

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$106.9K / $1.1M max
10% of ceiling · target hit day 4
Investors
—
—
Valuation cap
$8M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$155K$78K$0
160800
Jun 18, 2022 · openedOct 17, 2022 · last reading
Target ($100K) hit — Jun 22, 2022, day 4Deadline Apr 30, 2023 — 195 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2020–FY2021 · hover for source
$2.4M
$84K
FY2020
$3.8M
−$215K
FY2021
RevenueNet income
Metric
FY2020 reviewed*
FY2021 reviewed*
Income statement
Revenue
$2,401,480
$3,755,117
Cost of goods sold
$1,842,483
$2,780,684
Gross margin
23%
26%
Net income
$84,212
-$214,711
Taxes paid
$32,575
$0
Balance sheet
Cash
$172,811
$21,821
Accounts receivable
$0
$0
Total assets
$317,918
$965,767
Short-term debt
$108,872
$799,800
Long-term debt
$168,736
$505,557
Total liabilities
$277,608
$1,305,357
Other
Headcount
—
7

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Amendments to this offering

1 amendment
  1. Jul 22, 2022
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Valuation cap$8M
Conversion discount15%
Interest rate5%

Offering details

Target$100,000
Max$1,070,000
Min investment$100
OpenedJun 18, 2022
DeadlineApr 30, 2023
ClosedOct 17, 2022
Days active121

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-22-000663

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.