Loveseat Inc.

Loveseat Inc. logo via Clearbit

Profile

According to their SEC filings, Loveseat Inc. is a Corporation organized in DE on 03-13-2013. They report having 18 employee(s), and revenue in their most-recent fiscal year of $724,498.00 and $125,764.00 the prior year.

Location

5035 Shawline St.

San Diego, CA 92111

Equity Crowdfunding Campaigns

Reg CF Offering from Loveseat, Inc (Previous)

Campaign Details

According to their SEC filings, Loveseat, 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 04-30-2018.

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, Loveseat, Inc reported that Wefunder would also receive the following financial interest in the offering:

No

Loveseat, Inc filed the following progress report with the SEC at the end of their campaign:

$179,902.00 in investments. Payments are still being processed; final number is yet to be determined.

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 $724,498.00 $125,764.00
Cost of Goods Sold $319,812.00 $49,018.00
Taxes Paid $0.00 $0.00
Net Income $-627,324.00 $-110,785.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $499,084.00 $354,295.00
Accounts Receivable $0.00 $0.00
Short-term Debt $119,569.00 $21,607.00
Long-term Debt $165,772.00 $21,607.00

Complete Reg CF filings list for Loveseat Inc.

  • [2018-05-25T14:33:38+00:00] Loveseat Inc. filed a fundraising progress report (Form C-U) with the following update: "$179,902.00 in investments. Payments are still being processed; final number is yet to be determined."

    File number: 020-23799

  • [2018-04-30T17:07:20+00:00] Loveseat Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Wefunder. The nature of the amendment was described as follows:

    Updated business plan.

    File number: 020-23799

  • New Filing Form C

    [2017-11-20T13:33:26+00:00] Loveseat Inc. filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $1,000,000.00) of SAFE via Wefunder.

    File number: 020-23799