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THE CHINA PROJECT

Reg CF · Common Stock · Dec 2022

ClosedReached targetReg CFCommon Equity
via WeFunderView campaign
Raised
$996.7K / $3.5M max
28% of ceiling · target hit day 60
Investors
57
$17.5K avg
Post-money valuation
$42.4M
pre-money + amount raised

Raised over time

Cumulative raisedInvestors
$996K$498K$0
56280
Dec 1, 2022 · openedOct 30, 2023 · last reading
Target ($50K) hit — Jan 30, 2023, day 60Deadline Apr 29, 2024 — 182 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2020–FY2021 · hover for source
$531K
−$1.6M
FY2020
$1.1M
−$1.1M
FY2021
RevenueNet income
Metric
FY2020 audited
FY2021 audited
Income statement
Revenue
$531,220
$1,078,197
Cost of goods sold
$15,885
$18,876
Gross margin
97%
98%
Net income
-$1,595,499
-$1,133,057
Taxes paid
$0
$0
Balance sheet
Cash
$303,707
$934,954
Accounts receivable
$90
$7,364
Total assets
$310,163
$948,054
Short-term debt
$2,351,474
$2,079,171
Long-term debt
$5,159,303
$6,398,763
Total liabilities
$7,510,777
$8,477,934
Other
Headcount
12
18

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Amendments to this offering

1 amendment
  1. Apr 27, 2023
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Pre-money$41.5M
Post-money$42.4M
Price / share$2.54
Shares offered19,686

Offering details

Target$50,002
Max$3,499,998
Min investment$500
OpenedDec 1, 2022
DeadlineApr 29, 2024
ClosedOct 31, 2023
Days active334

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-22-001227

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.