Data / Crowdfunding / Nevada / BIONICLOGIC INC
BIONICLOGIC INC: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $955,000 (2020)
BIONICLOGIC INC, a corporation in Gardnerville, NV, filed a Form C with the SEC on September 14, 2020 to raise $10,000 to $955,000 in Class B Non-Voting Stock through StartEngine Capital, LLC. The offering closed on November 16, 2020. In its most recent fiscal year it reported $4,689,698 in revenue and $126,101 in net income, with 8 employees.
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- Website
- www.cpmstar.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1512 US HIGHWAY 395 N SUITE 7-D, Gardnerville, NV 89410
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 17, 2017
- SEC CIK
- 0001744408
Offering terms
From the amendment filed September 14, 2020.
- Security
- Class B Non-Voting Stock
- Price
- $1.00
- Target
- $10,000
- Maximum
- $955,000
- Deadline
- November 16, 2020
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR filed April 28, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,689,698 | $5,105,222 | sec.gov |
| Cost of goods sold | $3,375,843 | $3,404,383 | sec.gov |
| Net income | $126,101 | $307,823 | sec.gov |
| Taxes paid | $139,304 | $0 | sec.gov |
| Total assets | $2,329,254 | $2,242,801 | sec.gov |
| Cash | $1,051,648 | $1,082,017 | sec.gov |
| Accounts receivable | $992,868 | $874,906 | sec.gov |
| Short-term debt | $822,481 | $739,825 | sec.gov |
| Long-term debt | $603,759 | $845,658 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 8, 2021 | Progress update | $10,000 | $955,000 | November 16, 2020 | Adjustment to the initial Form C-U filing of 11-23-2020. At the close of the offering, the issuer closed on $125,413 and 137254 shares of Class B Non-Voting Stock. | sec.gov |
| November 23, 2020 | Progress update | $10,000 | $955,000 | November 16, 2020 | At the close of the offering, the issuer closed on $122,858 and 134,529 number of securities. | sec.gov |
| September 14, 2020 | Amendment | $10,000 | $955,000 | November 16, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 17, 2020 | Amendment | $10,000 | $955,000 | September 17, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| April 30, 2020 | Amendment | $10,000 | $955,000 | July 19, 2020 | Issuer provided fixes to clerical error in financials | sec.gov |
| April 30, 2020 | Amendment | $10,000 | $955,000 | July 19, 2020 | Update to financial statements. | sec.gov |
| April 20, 2020 | Offering | $10,000 | $955,000 | July 19, 2020 | sec.gov |
Updated April 30, 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.