70Million Resources, Inc.

CIK: 1716822DEIncorporated: 2016-08-10

Current Offering

$50,000
Target Amount
$107,000
Maximum Amount
2018-10-05
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 5%
5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Equity compensation: 2%
Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

Financial Reports

Offering via Wefunder

Offering History

As of 2018-04-12
Raising $50,000 -$107,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-10-05
As of 2020-01-08
Raising $25,000 -$535,000 via 25,000+ shares of crowd SAFE Units of SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2020-04-30
As of 2021-03-08
Raising $25,000 -$371,055 via 25,000+ shares of crowd SAFE at $1.00 per share
Deadline: 2021-08-05
As of 2021-03-19
Raising $25,000 -$371,055 via 25,000+ shares of crowd SAFE at $1.00 per share
Deadline: 2021-08-05
Filing date2018-04-122020-01-082021-03-08
Current employees789
Act received most recent fiscal year$0.00$221.00$10,516
Act received prior fiscal year$0.00$0.00$34,666
Cash equi most recent fiscal year$300,668$216,152$11,621
Cash equi prior fiscal year$1,227$300,668$44,213
Cost goods sold most recent fiscal year$0.00$37,457$713.00
Cost goods sold prior fiscal year$0.00$10,869$48,993
Long term debt most recent fiscal year-$44,484.29$827,229$1,706,436
Long term debt prior fiscal year$0.00$842,914$1,080,358
Net income most recent fiscal year-$172,108.56-$426,454.00-$671,480.00
Net income prior fiscal year$1,227-$172,109.00-$570,139.00
Revenue most recent fiscal year$1,606$86,992$464,874
Revenue prior fiscal year$0.00$1,606$73,342
Short term debt most recent fiscal year$12,398$3,825$2,652
Short term debt prior fiscal year$0.00$12,398$23,800
Tax paid most recent fiscal year$0.00$21,782$905.00
Tax paid prior fiscal year$0.00$4,246$536.00
Total asset most recent fiscal year$322,033$229,732$37,446
Total asset prior fiscal year$1,227$312,032$96,996

Financial Reports

Offering History

As of 2018-04-12
Raising $50,000 -$107,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-10-05
As of 2020-01-08
Raising $25,000 -$535,000 via 25,000+ shares of crowd SAFE Units of SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2020-04-30
As of 2021-03-08
Raising $25,000 -$371,055 via 25,000+ shares of crowd SAFE at $1.00 per share
Deadline: 2021-08-05
As of 2021-03-19
Raising $25,000 -$371,055 via 25,000+ shares of crowd SAFE at $1.00 per share
Deadline: 2021-08-05
Filing date2018-04-122020-01-082021-03-08
Current employees789
Act received most recent fiscal year$0.00$221.00$10,516
Act received prior fiscal year$0.00$0.00$34,666
Cash equi most recent fiscal year$300,668$216,152$11,621
Cash equi prior fiscal year$1,227$300,668$44,213
Cost goods sold most recent fiscal year$0.00$37,457$713.00
Cost goods sold prior fiscal year$0.00$10,869$48,993
Long term debt most recent fiscal year-$44,484.29$827,229$1,706,436
Long term debt prior fiscal year$0.00$842,914$1,080,358
Net income most recent fiscal year-$172,108.56-$426,454.00-$671,480.00
Net income prior fiscal year$1,227-$172,109.00-$570,139.00
Revenue most recent fiscal year$1,606$86,992$464,874
Revenue prior fiscal year$0.00$1,606$73,342
Short term debt most recent fiscal year$12,398$3,825$2,652
Short term debt prior fiscal year$0.00$12,398$23,800
Tax paid most recent fiscal year$0.00$21,782$905.00
Tax paid prior fiscal year$0.00$4,246$536.00
Total asset most recent fiscal year$322,033$229,732$37,446
Total asset prior fiscal year$1,227$312,032$96,996

Financial Reports

Offering History

As of 2018-04-12
Raising $50,000 -$107,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-10-05
As of 2020-01-08
Raising $25,000 -$535,000 via 25,000+ shares of crowd SAFE Units of SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2020-04-30
As of 2021-03-08
Raising $25,000 -$371,055 via 25,000+ shares of crowd SAFE at $1.00 per share
Deadline: 2021-08-05
As of 2021-03-19
Raising $25,000 -$371,055 via 25,000+ shares of crowd SAFE at $1.00 per share
Deadline: 2021-08-05
Filing date2018-04-122020-01-082021-03-08
Current employees789
Act received most recent fiscal year$0.00$221.00$10,516
Act received prior fiscal year$0.00$0.00$34,666
Cash equi most recent fiscal year$300,668$216,152$11,621
Cash equi prior fiscal year$1,227$300,668$44,213
Cost goods sold most recent fiscal year$0.00$37,457$713.00
Cost goods sold prior fiscal year$0.00$10,869$48,993
Long term debt most recent fiscal year-$44,484.29$827,229$1,706,436
Long term debt prior fiscal year$0.00$842,914$1,080,358
Net income most recent fiscal year-$172,108.56-$426,454.00-$671,480.00
Net income prior fiscal year$1,227-$172,109.00-$570,139.00
Revenue most recent fiscal year$1,606$86,992$464,874
Revenue prior fiscal year$0.00$1,606$73,342
Short term debt most recent fiscal year$12,398$3,825$2,652
Short term debt prior fiscal year$0.00$12,398$23,800
Tax paid most recent fiscal year$0.00$21,782$905.00
Tax paid prior fiscal year$0.00$4,246$536.00
Total asset most recent fiscal year$322,033$229,732$37,446
Total asset prior fiscal year$1,227$312,032$96,996

Company Information

Corporation
DE
2016-08-10

Latest Metrics

Employees7
Total Assets$322,033
Cash on Hand$300,668
Revenues$1,606
Net Income-$172,108.56

Crowdfunding Portals

This company is raising funds through this portal