Loop Devices, Inc.

Loop Devices, Inc. logo via Clearbit

Profile

According to their SEC filings, Loop Devices, Inc. is a Corporation organized in DE on 12-23-2014. They report having 5 employee(s), and revenue in their most-recent fiscal year of $291,997.00 and $0.00 the prior year.

Location

1127 10th Ave East

Seattle, WA 98102

Equity Crowdfunding Campaigns

Reg CF Offering from Loop Devices Inc. (Previous)

Campaign Details

According to their SEC filings, Loop Devices Inc. previously ran a Regulation Crowdfunding campaign to raise $50,000.00 (up to a maximum of $1,070,000.00) in SAFE via Wefunder before a deadline of 09-21-2018.

As compensation for managing the offering, Wefunder reported being compensated as follows:

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.

In addition to any direct compensation, Loop Devices Inc. reported that Wefunder would also receive the following financial interest in the offering:

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $291,997.00 $0.00
Cost of Goods Sold $254,585.00 $0.00
Taxes Paid $0.00 $0.00
Net Income $-2,422,983.00 $-2,266,575.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $424.00 $99,541.00
Accounts Receivable $5,596.00 $0.00
Short-term Debt $939,858.00 $890,480.00
Long-term Debt $124,556.00 $43,655.00

Complete Reg CF filings list for Loop Devices, Inc.

  • New Filing Form C

    [2018-03-23T21:48:27+00:00] Loop Devices, Inc. filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $1,070,000.00) of SAFE via Wefunder.

    File number: 020-24123