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Reg CF · Convertible Note · Oct 2023

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$228.7K / $1.2M max
19% of ceiling · target hit day 3
Investors
140
$1.6K avg
Valuation cap
$26M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$229K$114K$0
140700
Oct 1, 2023 · openedFeb 5, 2024 · last reading
Target ($50K) hit — Oct 4, 2023, day 3Deadline Apr 29, 2024 — 84 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

FY2021–FY2022 · hover for source
$2.2M
−$1.7M
FY2021
$4.9M
−$2.0M
FY2022
RevenueNet income
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$2,228,599
$4,907,961
Cost of goods sold
$1,538,369
$3,216,127
Gross margin
31%
34%
Net income
-$1,721,391
-$1,956,996
Taxes paid
$0
$0
Balance sheet
Cash
$955,454
$621,638
Accounts receivable
$0
$0
Total assets
$1,742,785
$1,387,850
Short-term debt
$619,808
$596,117
Long-term debt
$300,000
$1,914,655
Total liabilities
$919,808
$2,510,772
Other
Headcount
—
12

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. Dec 6, 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

Valuation cap$26M ($23M early bird)

Perks

First $250K of investments will be in a convertible note with a $23M valuation cap and 20% discountfirst $250K

Offering details

Target$50,000
Max$1,235,000
Min investment$250
OpenedOct 1, 2023
DeadlineApr 29, 2024
ClosedFeb 5, 2024
Days active127

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-23-000848

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.