WorldViz, Inc.

WorldViz, Inc. logo via Clearbit

Profile

According to their SEC filings, WorldViz, Inc. is a Corporation organized in DE on 02-06-2018. They report having 30 employee(s), and revenue in their most-recent fiscal year of $4,545,479.00 and $4,483,135.00 the prior year.

Company Description

"WorldViz is an industry leader in interactive virtual reality solutions. The company’s flagship products are VIZARD, the VR community's favored interactive 3D content creation software, and PPT X4, the most cost effective wide-area tracking system curr..."

Website: http://www.worldviz.com

Sector: Information Technology

Industry: Internet Software & Services

Twitter: WorldViz

Facebook: worldviz

LinkedIn: worldviz

Location

614 SANTA BARBARA STREET

SANTA BARBARA, CA 93101

Equity Crowdfunding Campaigns

Reg CF Offering from WorldViz, Inc. (Previous)

Campaign Details

According to their SEC filings, WorldViz, Inc. previously ran a Regulation Crowdfunding campaign to raise $25,000.00 (up to a maximum of $1,070,000.00) in Preferred Stock via SI SECURITIES, LLC (SeedInvest) before a deadline of 04-27-2018.

As compensation for managing the offering, SI SECURITIES, LLC (SeedInvest) reported being compensated as follows:

7.5% of the amount raised.

In addition to any direct compensation, WorldViz, Inc. reported that SI SECURITIES, LLC (SeedInvest) would also receive the following financial interest in the offering:

SI Securities will receive equity compensation equal to 5% of the number of securities sold.

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

The issuer raised approximately $1,070,000 during the offering period. Payment are still being processed; the exact amount has 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 $4,545,479.00 $4,483,135.00
Cost of Goods Sold $2,325,450.00 $2,031,742.00
Taxes Paid $0.00 $800.00
Net Income $-1,809,022.00 $-2,021,935.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $133,775.00 $101,270.00
Accounts Receivable $1,034,336.00 $2,029,261.00
Short-term Debt $1,892,717.00 $1,647,562.00
Long-term Debt $1,051,036.00 $395,418.00

Complete Reg CF filings list for WorldViz, Inc.

  • [2018-05-03T13:27:02+00:00] WorldViz, Inc. filed a fundraising progress report (Form C-U) with the following update: "The issuer raised approximately $1,070,000 during the offering period. Payment are still being processed; the exact amount has yet to be determined."

    File number: 020-23977

  • [2018-04-30T17:19:01+00:00] WorldViz, Inc. filed a Form C-AR.

    File number: 020-23977

  • New Filing Form C

    [2018-02-08T12:18:42+00:00] WorldViz, LLC filed a Form C to raise a target amount of $25,000.00 (up to a maximum of $1,070,000.00) of Preferred Stock via SI SECURITIES, LLC (SeedInvest).

    File number: 020-23977