Data / Crowdfunding / Oregon / 1985 Games Inc.
1985 Games Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,235,000 (2023)
1985 Games Inc., a corporation in Portland, OR, filed a Form C with the SEC on May 15, 2023 to raise $10,000 to $1,235,000 in common stock through StartEngine Capital, LLC. The offering closed on July 3, 2023. In its most recent fiscal year it reported $898,734 in revenue and a net loss of $219,233, with 6 employees.
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- Website
- 1985games.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1319 SE ML KING BLVD., STE. 210, Portland, OR 97214
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 3, 2022
- SEC CIK
- 0001966660
Offering terms
From the amendment filed May 15, 2023.
- Security
- Common Stock
- Price
- $5.00
- Target
- $10,000
- Maximum
- $1,235,000
- Deadline
- July 3, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-U filed July 10, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $898,734 | $1,529,915 | sec.gov |
| Cost of goods sold | $250,794 | $687,327 | sec.gov |
| Net income | $-219,233 | $79,858 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $174,597 | $301,344 | sec.gov |
| Cash | $138,543 | $219,624 | sec.gov |
| Accounts receivable | $1,011 | $549 | sec.gov |
| Short-term debt | $364,525 | $272,050 | sec.gov |
| Long-term debt | $385,500 | $385,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 10, 2023 | Progress update | $10,000 | $1,235,000 | July 3, 2023 | At the close of the offering, the issuer closed on $85,755.89 and 19,932 number of securities. | sec.gov |
| May 15, 2023 | Amendment | $10,000 | $1,235,000 | July 3, 2023 | Issuer is extending their end date | sec.gov |
| April 27, 2023 | Amendment | $10,000 | $1,235,000 | May 31, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 8, 2023 | Offering | $10,000 | $1,235,000 | April 30, 2023 | sec.gov |
Updated July 10, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.