Data / Crowdfunding / New Mexico / ADWALLET INC.
ADWALLET INC.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $384,999 (2021)
ADWALLET INC., a corporation in Albuquerque, NM, filed a Form C with the SEC on December 1, 2021 to raise $9,999 to $384,999 in common stock through StartEngine Capital, LLC. The offering closed on December 30, 2021. In its most recent fiscal year it reported $384,316 in revenue and a net loss of $5,079.
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- Website
- adwallet.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 12231 ACADEMY ROAD NE, #301-173, Albuquerque, NM 87111
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 11, 2017
- SEC CIK
- 0001815995
Offering terms
From the amendment filed December 1, 2021.
- Security
- Common Stock
- Price
- $0.75
- Target
- $9,999
- Maximum
- $384,999
- Deadline
- December 30, 2021
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed May 4, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $384,316 | $447,827 | sec.gov |
| Cost of goods sold | $207,113 | $395,320 | sec.gov |
| Net income | $-5,079 | $-1,022,056 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $161,846 | $282,638 | sec.gov |
| Cash | $55,146 | $22,918 | sec.gov |
| Accounts receivable | $629 | $132,734 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $75,000 | $75,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 13, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 4, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 20, 2022 | Progress update | $9,999 | $384,999 | December 30, 2021 | At the close of the offering, the issuer closed on $86,684.65 and 128,938 number of securities. | sec.gov |
| April 5, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 3, 2022 | Progress update | $9,999 | $384,999 | December 30, 2021 | At the close of the offering, the issuer closed on $75,337.41 and 113290 number of securities. | sec.gov |
| December 1, 2021 | Amendment | $9,999 | $384,999 | December 30, 2021 | Issuer is changing campaign end date. | sec.gov |
| September 3, 2021 | Amendment | $9,999 | $384,999 | March 1, 2022 | Issuer is updating perks | sec.gov |
| September 2, 2021 | Offering | $9,999 | $384,999 | March 1, 2022 | sec.gov | |
| July 7, 2021 | Progress update | $25,000 | $1,070,000 | July 17, 2021 | The Offering closed successfully on 07.03.2021, having received investment commitments of $230,915.00 although a final accounting has not taken place. | sec.gov |
| June 25, 2021 | Amendment | $25,000 | $1,070,000 | July 17, 2021 | This amendment is to update the key personnel and current cash position. | sec.gov |
| March 18, 2021 | Offering | $25,000 | $1,070,000 | July 17, 2021 | sec.gov |
Updated November 13, 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.