Current Offering
$50,000
Target Amount
$1,000,000
Maximum Amount
2017-08-17
Deadline
Security Details
Type: Promissory Notes (Revenue Sharing Interests)
Price per share: $0.00
Shares offered: 1,000,000+
Offering Costs
Cash commission: 7%
7.0%
Equity compensation: 2%
The intermediary will receive a ten (10) year warrant to purchase a Convertible Promissory Note in a principal amount that is equal to 2% (two percent) of the aggregate principal amount of all Convertible Promissory Notes issued in the Offering.
Financial Reports
Offering via FIRST DEMOCRACY VC
Offering History
As of 2017-06-09
Raising $50,000 -$1,000,000 via 1,000,000+ shares of promissory Notes (Revenue Sharing Interests) at $0.00 per share
Deadline: 2017-08-17
As of 2017-07-28
Raising $50,000 -$1,070,000 via 50,000+ shares of promissory Notes (Revenue Sharing Interests) at $1.00 per share
Deadline: 2017-08-14
| Filing date | 2017-06-09 |
|---|---|
| Current employees | 11 |
| Act received most recent fiscal year | $0.00 |
| Act received prior fiscal year | $0.00 |
| Cash equi most recent fiscal year | $105,909 |
| Cash equi prior fiscal year | $64,585 |
| Cost goods sold most recent fiscal year | $577,697 |
| Cost goods sold prior fiscal year | $476,529 |
| Long term debt most recent fiscal year | $166,314 |
| Long term debt prior fiscal year | $251,035 |
| Net income most recent fiscal year | $263,658 |
| Net income prior fiscal year | $196,795 |
| Revenue most recent fiscal year | $1,805,523 |
| Revenue prior fiscal year | $1,413,733 |
| Short term debt most recent fiscal year | $97,686 |
| Short term debt prior fiscal year | $0.00 |
| Tax paid most recent fiscal year | $68,029 |
| Tax paid prior fiscal year | $39,005 |
| Total asset most recent fiscal year | $773,783 |
| Total asset prior fiscal year | $336,272 |
Company Information
Latest Metrics
Employees11
Total Assets$773,783
Cash on Hand$105,909
Revenues$1,805,523
Net Income$263,658