Data / Crowdfunding / Virginia / Amplio.ai, Inc.
Amplio.ai, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Amplio.ai, Inc., a corporation in Chantilly, VA, filed a Form C with the SEC on September 27, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on January 31, 2022. In its most recent fiscal year it reported $701,366 in revenue and a net loss of $805,603, with 4 employees.
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- Website
- www.amplio.ai
- Funding portal
- OpenDeal Portal LLC
- Address
- 43877 PARAMOUNT PL., Chantilly, VA 20152
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 25, 2018
- SEC CIK
- 0001798341
Offering terms
From the amendment filed September 27, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- January 31, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of 6% of the amount raised to the Intermediary. The Intermediary will also receive compensation in the form of securities equal to 2% of the total number of the securities sold in the offering.
Financials
From the Form C-AR filed May 5, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $701,366 | $175,342 | sec.gov |
| Cost of goods sold | $50,091 | $80,706 | sec.gov |
| Net income | $-805,603 | $-721,184 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $214,071 | $1,497,922 | sec.gov |
| Cash | $14,567 | $1,188,491 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,317,611 | $2,004,983 | sec.gov |
| Long-term debt | $544,938 | $2,349,131 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 9, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 5, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 22, 2021 | Progress update | $25,000 | $1,070,000 | January 31, 2022 | The Offering closed successfully on 11/22/2021, having received investment commitments of $76,034.50, although a final accounting has not taken place. | sec.gov |
| September 27, 2021 | Amendment | $25,000 | $1,070,000 | January 31, 2022 | Extension of deadline to reach target offering amount. Update to issuer's offering page on Intermediary Portal. Update to issuer's cash position and runway. Addition of new convertible note issuance. | sec.gov |
| July 7, 2021 | Offering | $25,000 | $1,070,000 | October 6, 2021 | sec.gov |
Updated May 9, 2022. 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.