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This isn’t 20/20 GeneSystems’s most recent raise. Reg CF · Convertible Note · Oct 2025 (Closed) is more current.View latest round
20/20 GeneSystems

Reg CF · Convertible Note · Aug 2022

ClosedReached targetReg CFConvertible Note
via StartEngine · last checked Oct 4, 2026View campaign
Raised
$220K / $5M max
4% of ceiling · target hit day 4
Investors
159
$1.5K avg
Valuation cap
$58.4M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$233K$116K$0
124620
Aug 15, 2022 · openedMar 21, 2023 · last reading
Target ($10K) hit — Aug 19, 2022, day 4Deadline Dec 15, 2022

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via StartEngine, last checked Oct 4, 2026; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2020–FY2021 · hover for source
$2.3M
−$2.0M
FY2020
$9.6M
$2.1M
FY2021
RevenueNet income
Metric
FY2020 audited
FY2021 audited
Income statement
Revenue
$2,330,528
$9,622,332
Cost of goods sold
$1,453,354
$4,927,374
Gross margin
38%
49%
Net income
-$2,021,826
$2,071,777
Taxes paid
$0
$0
Balance sheet
Cash
$3,468,192
$3,354,469
Accounts receivable
$205,071
$4,215,465
Total assets
$4,677,374
$10,272,281
Short-term debt
$103,860
$0
Long-term debt
$40,247
$0
Total liabilities
$1,288,155
$3,382,484
Other
Headcount
—
45

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. Nov 14, 2022
    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$58.4M
Conversion discount10%
Interest rate6%

Perks

Invest with first 2 weeks and receive 25% increase in annual interst rate, where by the interest rate will increase f… · until Aug 28, 2022

Offering details

Target$9,995
Max$4,999,995
Min investment$500
OpenedAug 15, 2022
DeadlineDec 15, 2022
ClosedMar 21, 2023
Days active218

Links & provenance

Campaign pagePitch videoSEC filingStartEngine listing
Source: Manual
0001665160-22-002209
Last synced Aug 18, 2026

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.