Genius Labs Company

CIK: 1860029DEIncorporated: 2019-04-15

Current Offering

$50,000
Target Amount
$1,069,999
Maximum Amount
2022-04-30
Deadline

Security Details

Type: Preferred Stock
Price per share: $2.36
Shares offered: 29,586+

Offering Costs

Cash commission: 8%
7.5% 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.
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2021-07-19
Raising $50,000 -$1,069,999 via 29,586+ shares of preferred Stock at $2.36 per share
Deadline: 2022-04-30
As of 2022-09-14
Raising $50,001 -$4,455,119 via 18,519+ shares of preferred Stock at $2.84 per share
Deadline: 2023-04-30
Filing date2021-07-192022-09-14
Current employees488
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$348,348$5,803,097
Cash equi prior fiscal year$196,431$348,348
Cost goods sold most recent fiscal year$201,536$427,791
Cost goods sold prior fiscal year$19,953$201,536
Long term debt most recent fiscal year$465,772$0.00
Long term debt prior fiscal year$349,960$0.00
Net income most recent fiscal year-$499,746.00-$2,400,488.00
Net income prior fiscal year-$254,934.00-$151,435.00
Revenue most recent fiscal year$1,436,971$2,645,709
Revenue prior fiscal year$1,216,807$1,985,176
Short term debt most recent fiscal year$867,685$43,869
Short term debt prior fiscal year$331,835$466,543
Tax paid most recent fiscal year$3,813-$2,349.00
Tax paid prior fiscal year$4,609-$3,813.00
Total asset most recent fiscal year$348,348$5,811,133
Total asset prior fiscal year$196,431$349,340

Financial Reports

Offering via Wefunder

Offering History

As of 2021-07-19
Raising $50,000 -$1,069,999 via 29,586+ shares of preferred Stock at $2.36 per share
Deadline: 2022-04-30
As of 2022-09-14
Raising $50,001 -$4,455,119 via 18,519+ shares of preferred Stock at $2.84 per share
Deadline: 2023-04-30
Filing date2021-07-192022-09-14
Current employees488
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$348,348$5,803,097
Cash equi prior fiscal year$196,431$348,348
Cost goods sold most recent fiscal year$201,536$427,791
Cost goods sold prior fiscal year$19,953$201,536
Long term debt most recent fiscal year$465,772$0.00
Long term debt prior fiscal year$349,960$0.00
Net income most recent fiscal year-$499,746.00-$2,400,488.00
Net income prior fiscal year-$254,934.00-$151,435.00
Revenue most recent fiscal year$1,436,971$2,645,709
Revenue prior fiscal year$1,216,807$1,985,176
Short term debt most recent fiscal year$867,685$43,869
Short term debt prior fiscal year$331,835$466,543
Tax paid most recent fiscal year$3,813-$2,349.00
Tax paid prior fiscal year$4,609-$3,813.00
Total asset most recent fiscal year$348,348$5,811,133
Total asset prior fiscal year$196,431$349,340

Company Information

Corporation
DE
2019-04-15

Latest Metrics

Employees4
Total Assets$348,348
Cash on Hand$348,348
Revenues$1,436,971
Net Income-$499,746.00

Crowdfunding Portals

This company is raising funds through this portal