Data / Crowdfunding / California / 1World Online, Inc.
1World Online, Inc.: crowdfunding raise on OpenDeal Portal LLC, $107,000 to $1,070,000 (2020)
1World Online, Inc., a corporation in Redwood City, CA, filed a Form C with the SEC on May 1, 2020 to raise $107,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) Units through OpenDeal Portal LLC. The offering closed on December 31, 2020. In its most recent fiscal year it reported $2,463,869 in revenue and a net loss of $512,570, with 3 employees.
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- Website
- www.1worldOnline.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 541 JEFFERSON AVENUE SUITE #104, Redwood City, CA 94063
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- August 3, 2011
- SEC CIK
- 0001595734
Offering terms
From the amendment filed May 1, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $107,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-U filed January 4, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,463,869 | $2,912,364 | sec.gov |
| Cost of goods sold | $692,350 | $809,881 | sec.gov |
| Net income | $-512,570 | $-2,280,295 | sec.gov |
| Taxes paid | $800 | $800 | sec.gov |
| Total assets | $8,033,352 | $5,378,605 | sec.gov |
| Cash | $407,205 | $90,183 | sec.gov |
| Accounts receivable | $1,316,011 | $648,579 | sec.gov |
| Short-term debt | $869,674 | $807,652 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 4, 2021 | Progress update | $107,000 | $1,070,000 | December 31, 2020 | The Offering closed successfully on January 1, 2021, having received investment commitments of $273,180, although a final accounting has not taken place. | sec.gov |
| May 1, 2020 | Amendment | $107,000 | $1,070,000 | December 31, 2020 | The previously filed material Form C/A contained a scrivener's error on the cover page that has now been corrected. | sec.gov |
| April 30, 2020 | Amendment | $107,000 | $1,070,000 | December 31, 2020 | The issuer has provided additional financial statements, has increased its maximum offering amount to $1,070,000, and has extended its offering until December 31, 2020. | sec.gov |
| April 6, 2020 | Offering | $107,000 | $107,000 | April 29, 2020 | sec.gov |
Also on SpecStream
Updated January 4, 2021. 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.