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Reg CF · Convertible Note · Apr 2023

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$286.1K / $1.2M max
23% of ceiling · target hit day 34
Investors
345
$829.3 avg
Valuation cap
$20M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$259K$129K$0
3021510
Apr 16, 2023 · openedAug 30, 2023 · last reading
Target ($50K) hit — May 20, 2023, day 34Deadline Apr 29, 2024 — 243 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
$7.6M
−$2.2M
FY2020
$6.3M
−$1.8M
FY2021
RevenueNet income
Metric
FY2020 reviewed
FY2021 reviewed
Income statement
Revenue
$7,554,795
$6,338,046
Cost of goods sold
$7,223,245
$4,983,598
Gross margin
4%
21%
Net income
-$2,157,615
-$1,831,123
Taxes paid
$0
$0
Balance sheet
Cash
$128,586
$274,785
Accounts receivable
$1,004,825
$420,554
Total assets
$2,721,604
$1,984,880
Short-term debt
$2,210,823
$2,481,734
Long-term debt
$1,104,325
$2,411,692
Total liabilities
$3,315,148
$4,893,426
Other
Headcount
—
45

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

Deal terms

Valuation cap$20M

Perks

Investors in the first $100,000 will receive 8% interest rate instead of 6% interest ratefirst $100K

Offering details

Target$50,000
Max$1,235,000
Min investment$100
OpenedApr 16, 2023
DeadlineApr 29, 2024
ClosedAug 31, 2023
Days active137

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-23-000256

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.