Simple Machine LLC

Simple Machine LLC logo via Clearbit

Profile

According to their SEC filings, Simple Machine LLC is a Limited Liability Company organized in AZ on 04-29-2016. They report having 40 employee(s), and revenue in their most-recent fiscal year of $2,066,928.00 and $921,123.00 the prior year.

Location

2375 East Camelback Road

6th Floor

Phoenix, AZ 85016

Equity Crowdfunding Campaigns

Reg CF Offering from Simple Machine, LLC (Previous)

Campaign Details

According to their SEC filings, Simple Machine, LLC previously ran a Regulation Crowdfunding campaign to raise $250,000.00 (up to a maximum of $500,000.00) in Convertible Note via Wefunder before a deadline of 12-14-2018.

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, Simple Machine, LLC 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.

Reg CF Offering from Simple Machine, LLC (Previous)

Campaign Details

According to their SEC filings, Simple Machine, LLC previously ran a Regulation Crowdfunding campaign to raise $250,000.00 (up to a maximum of $750,000.00) in Convertible Note 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, Simple Machine, LLC 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 $2,066,928.00 $921,123.00
Cost of Goods Sold $783,944.00 $201,594.00
Taxes Paid $0.00 $0.00
Net Income $620,524.00 $589,984.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $34,043.00 $19,321.00
Accounts Receivable $0.00 $65,945.00
Short-term Debt $0.00 $0.00
Long-term Debt $0.00 $0.00

Complete Reg CF filings list for Simple Machine LLC

  • New Filing Form C

    [2018-06-29T20:44:23+00:00] Simple Machine LLC filed a Form C to raise a target amount of $250,000.00 (up to a maximum of $500,000.00) of Convertible Note via Wefunder.

    File number: 020-24445

  • New Filing Form C

    [2018-03-22T20:44:01+00:00] Simple Machine LLC filed a Form C to raise a target amount of $250,000.00 (up to a maximum of $750,000.00) of Convertible Note via Wefunder.

    File number: 020-24118