Proof of Concept, LLC

Proof of Concept, LLC logo via Clearbit

Profile

According to their SEC filings, Proof of Concept, LLC is a Limited Liability Company organized in NY on 04-22-2011. They report having 3 employee(s), and revenue in their most-recent fiscal year of $682,021.00 and $540,097.00 the prior year.

Location

67 35th St.

C405

Brooklyn, NY 11232

Equity Crowdfunding Campaigns

Reg CF Offering from Proof of Concept, LLC (Previous)

Campaign Details

According to their SEC filings, Proof of Concept, LLC previously ran a Regulation Crowdfunding campaign to raise $0.00 (up to a maximum of $0.00) in via before a deadline of .

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

In addition to any direct compensation, Proof of Concept, LLC reported that would also receive the following financial interest in the offering:

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 $682,021.00 $540,097.00
Cost of Goods Sold $243,096.00 $175,898.00
Taxes Paid $0.00 $0.00
Net Income $-254,105.00 $-142,386.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $2,949.00 $5,857.00
Accounts Receivable $100,540.00 $45,979.00
Short-term Debt $284,631.00 $201,320.00
Long-term Debt $90,000.00 $70,000.00

Complete Reg CF filings list for Proof of Concept, LLC

  • [2018-04-30T15:43:13+00:00] Proof of Concept, LLC filed a Form C-AR.

    File number: 020-22894

  • [2016-11-28T20:06:50+00:00] Proof of Concept, LLC 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:

    Update the Subscription Agreement and include the Operating Agreement for signature.

    File number: 020-22894

  • [2016-10-21T21:54:20+00:00] Proof of Concept, LLC 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:

    Increase maximum goal to $500K, include CPA reviewed financials, update most recent / prior fiscal year financials, and updated business plan.

    File number: 020-22894

  • [2016-07-07T20:26:45+00:00] Proof of Concept, LLC 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:

    Correction in financials regarding long-term debt, include pitch deck and updated business plan.

    File number: 020-22894

  • New Filing Form C

    [2016-06-16T19:49:55+00:00] Proof of Concept, LLC filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $100,000.00) of via Wefunder.

    File number: 020-22894