Data / Crowdfunding / Iowa / automed Inc.
automed Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2019)
automed Inc., a corporation in Huxley, IA, filed a Form C with the SEC on February 14, 2019 to raise $25,000 to $1,070,000 in debt through SI SECURITIES, LLC. The offering closed on April 19, 2019. In its most recent fiscal year it reported $274,253 in revenue and a net loss of $734,495, with 13 employees.
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- Website
- automed.io
- Funding portal
- SI SECURITIES, LLC
- Address
- 1485 BLUE SKY BLVD, Huxley, IA 50124
- Legal form
- Corporation
- Jurisdiction
- IA
- Incorporated
- June 27, 2016
- SEC CIK
- 0001765833
Offering terms
From the amendment filed February 14, 2019.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 19, 2019
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-U filed April 19, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $274,253 | $75,493 | sec.gov |
| Cost of goods sold | $239,711 | $5,709 | sec.gov |
| Net income | $-734,495 | $-775,620 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $211,660 | $234,389 | sec.gov |
| Cash | $13,246 | $11,061 | sec.gov |
| Accounts receivable | $15,557 | $18,751 | sec.gov |
| Short-term debt | $437,079 | $139,989 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 19, 2019 | Progress update | $25,000 | $1,070,000 | April 19, 2019 | The issuer raised approximately $100,000 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| February 14, 2019 | Amendment | $25,000 | $1,070,000 | April 19, 2019 | Overall escrow updated from $700,000 to $350,000 | sec.gov |
| February 13, 2019 | Offering | $25,000 | $1,070,000 | April 19, 2019 | sec.gov |
Updated April 19, 2019. 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.