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Reg CF · Convertible Note · Jun 2020

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$459.3K / $1.1M max
43% of ceiling · target hit day 1
Investors
723
$635.2 avg
Valuation cap
$12M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$459K$230K$0
7233620
Jun 24, 2020 · openedOct 30, 2020 · last reading
Target ($50K) hit — Jun 25, 2020, day 1Deadline Sep 18, 2020

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

FY2018–FY2019 · hover for source
$6.6M
−$12.1M
FY2018
$5.1M
−$4.2M
FY2019
RevenueNet income
Metric
FY2018 reviewed*
FY2019 reviewed*
Income statement
Revenue
$6,612,335
$5,065,469
Cost of goods sold
$4,356,237
$4,188,158
Gross margin
34%
17%
Net income
-$12,145,454
-$4,191,597
Taxes paid
$0
$0
Balance sheet
Cash
$1,496,945
$418,623
Accounts receivable
$90,792
$0
Total assets
$1,927,348
$418,623
Short-term debt
$0
$100,000
Long-term debt
$0
$0
Total liabilities
$0
$100,000
Other
Headcount
—
15

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. Aug 19, 2020
    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

Valuation cap$12M
Conversion discount20%
Interest rate6%

Offering details

Target$50,000
Max$1,070,000
Min investment$250
OpenedJun 24, 2020
DeadlineSep 18, 2020
ClosedOct 30, 2020
Days active128

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-20-000416

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.