Drop Technologies Inc.

CIK: 1817102CAIncorporated: 2019-06-14

Current Offering

$25,000
Target Amount
$1,070,000
Maximum Amount
2021-07-02
Deadline

Security Details

Type: Common Stock
Price per share: $0.75
Shares offered: 33,333+

Offering Costs

Cash commission: 7%
EquiFund Crowd Funding Portal, Inc. (the "Intermediary"), will receive 7% of the amount raised in the offering made under this Form C (the "Offering").
Equity compensation: 7%
The Intermediary will be entitled to receive a number of shares of common stock of the issuer, which we refer to as the Common Stock, that is equal to seven percent (7%) of the total number of shares of Common Stock sold by the Issuer in the Offering.

Financial Reports

Offering via Equifund Crowd Funding Portal Inc.

Offering History

As of 2020-07-08
Raising $25,000 -$1,070,000 via 33,333+ shares of common Stock at $0.75 per share
Deadline: 2021-07-02
As of 2020-07-09
Raising $25,000 -$1,070,000 via 33,333+ shares of common Stock at $0.75 per share
Deadline: 2021-07-08
As of 2022-10-19
Raising $25,000 -$5,000,000 via 25,000+ shares of crowd SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2023-02-28
Filing date2020-07-082022-10-19
Current employees50
Act received most recent fiscal year$0.00$7,010
Act received prior fiscal year$0.00$1,194
Cash equi most recent fiscal year$1,450$19,151
Cash equi prior fiscal year$0.00$409,131
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$9,006$36,482
Long term debt prior fiscal year$0.00$0.00
Net income most recent fiscal year-$7,555.00-$803,206.00
Net income prior fiscal year$0.00-$638,368.00
Revenue most recent fiscal year$24,893$739,264
Revenue prior fiscal year$0.00$240,655
Short term debt most recent fiscal year$0.00$344,866
Short term debt prior fiscal year$0.00$110,319
Tax paid most recent fiscal year$0.00$800.00
Tax paid prior fiscal year$0.00$800.00
Total asset most recent fiscal year$1,450$26,161
Total asset prior fiscal year$0.00$413,325

Financial Reports

Offering History

As of 2020-07-08
Raising $25,000 -$1,070,000 via 33,333+ shares of common Stock at $0.75 per share
Deadline: 2021-07-02
As of 2020-07-09
Raising $25,000 -$1,070,000 via 33,333+ shares of common Stock at $0.75 per share
Deadline: 2021-07-08
As of 2022-10-19
Raising $25,000 -$5,000,000 via 25,000+ shares of crowd SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2023-02-28
Filing date2020-07-082022-10-19
Current employees50
Act received most recent fiscal year$0.00$7,010
Act received prior fiscal year$0.00$1,194
Cash equi most recent fiscal year$1,450$19,151
Cash equi prior fiscal year$0.00$409,131
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$9,006$36,482
Long term debt prior fiscal year$0.00$0.00
Net income most recent fiscal year-$7,555.00-$803,206.00
Net income prior fiscal year$0.00-$638,368.00
Revenue most recent fiscal year$24,893$739,264
Revenue prior fiscal year$0.00$240,655
Short term debt most recent fiscal year$0.00$344,866
Short term debt prior fiscal year$0.00$110,319
Tax paid most recent fiscal year$0.00$800.00
Tax paid prior fiscal year$0.00$800.00
Total asset most recent fiscal year$1,450$26,161
Total asset prior fiscal year$0.00$413,325

Company Information

Corporation
CA
2019-06-14

Latest Metrics

Employees5
Total Assets$1,450
Cash on Hand$1,450
Revenues$24,893
Net Income-$7,555.00

Crowdfunding Portals

This company is raising funds through this portal