Current Offering
$50,000
Target Amount
$1,000,000
Maximum Amount
2017-03-31
Deadline
Security Details
Type: Convertible Promissory Notes.
Price per share: $0.00
Shares offered: 50,000+
Offering Costs
Cash commission: 7%
The issuer shall pay to the intermediary at the conclusion of the offering a fee consisting of 7% (seven percent) commission based on the amount of investments raised in the offering and paid upon disbursement of funds from escrow at the time of closing.
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 2017-01-19
Raising $50,000 -$1,000,000 via 50,000+ shares of convertible Promissory Notes. at $0.00 per share
Deadline: 2017-03-31
As of 2017-05-18
Raising $200,000 -$880,000 via 200,000+ shares of common Stock at $1.00 per share
Deadline: 2017-08-18
| Filing date | 2017-01-19 | 2017-05-18 |
|---|---|---|
| Current employees | 2 | 5 |
| Act received most recent fiscal year | $0.00 | $0.00 |
| Act received prior fiscal year | $0.00 | $0.00 |
| Cash equi most recent fiscal year | $42,549 | $42,549 |
| Cash equi prior fiscal year | $0.00 | $0.00 |
| Cost goods sold most recent fiscal year | $0.00 | $0.00 |
| Cost goods sold prior fiscal year | $0.00 | $0.00 |
| Long term debt most recent fiscal year | $0.00 | $0.00 |
| Long term debt prior fiscal year | $0.00 | $0.00 |
| Net income most recent fiscal year | -$91,749.00 | -$95,680.00 |
| Net income prior fiscal year | $0.00 | $0.00 |
| Revenue most recent fiscal year | $0.00 | $0.00 |
| Revenue prior fiscal year | $0.00 | $0.00 |
| Short term debt most recent fiscal year | $160,000 | $460,000 |
| Short term debt prior fiscal year | $0.00 | $0.00 |
| Tax paid most recent fiscal year | $0.00 | $0.00 |
| Tax paid prior fiscal year | $0.00 | $0.00 |
| Total asset most recent fiscal year | $390,171 | $93,670 |
| Total asset prior fiscal year | $0.00 | $0.00 |
Company Information
Latest Metrics
Employees2
Total Assets$390,171
Cash on Hand$42,549
Revenues$0.00
Net Income-$91,749.00