Data / Crowdfunding / Virginia / allocortech inc.
allocortech inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2022)
allocortech inc., a corporation in Waynesboro, VA, filed a Form C with the SEC on April 25, 2022 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $2,390,412 in revenue and $85,640 in net income, with 12 employees.
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- Website
- allocor.tech
- Funding portal
- Wefunder Portal LLC
- Address
- 440 N COMMERCE AVE, Waynesboro, VA 22980
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 28, 2023
- SEC CIK
- 0001923665
Offering terms
From the offering filed April 25, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2023
- Portal compensation
- 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.
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,390,412 | $1,639,030 | sec.gov |
| Cost of goods sold | $330,247 | $0 | sec.gov |
| Net income | $85,640 | $66,437 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,820,938 | $382,223 | sec.gov |
| Cash | $1,241,730 | $89,084 | sec.gov |
| Accounts receivable | $190,585 | $186,788 | sec.gov |
| Short-term debt | $85,326 | $80,614 | sec.gov |
| Long-term debt | $1,358,524 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 25, 2022 | Offering | $50,000 | $1,070,000 | April 30, 2023 | sec.gov |
Also on SpecStream
Updated April 28, 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.