Underwater Torpedo League Inc

CIK: 1826329DEIncorporated: 2020-03-23

Current Offering

$50,000
Target Amount
$1,070,000
Maximum Amount
2021-03-11
Deadline

Security Details

Type: Convertible Note
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 7%
<p>6.5% 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.</p>
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2020-11-16
Raising $50,000 -$1,070,000 via 50,000+ shares of convertible Note at $1.00 per share
Deadline: 2021-03-11
Filing date2020-11-16
Current employees2
Act received most recent fiscal year$0.00
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$16,031
Cash equi prior fiscal year$1,707
Cost goods sold most recent fiscal year$3,163
Cost goods sold prior fiscal year$1,746
Long term debt most recent fiscal year$204,873
Long term debt prior fiscal year$0.00
Net income most recent fiscal year-$260,758.00
Net income prior fiscal year-$73,915.00
Revenue most recent fiscal year$43,465
Revenue prior fiscal year$34,100
Short term debt most recent fiscal year$6,650
Short term debt prior fiscal year$0.00
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$38,503
Total asset prior fiscal year$17,716

Company Information

Corporation
DE
2020-03-23

Latest Metrics

Employees2
Total Assets$38,503
Cash on Hand$16,031
Revenues$43,465
Net Income-$260,758.00

Crowdfunding Portals

This company is raising funds through this portal