Data / Crowdfunding / California / BRAINSCANOLOGY INC
BRAINSCANOLOGY INC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2022)
BRAINSCANOLOGY INC, a corporation in Dublin, CA, filed a Form C with the SEC on October 14, 2022 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $395,572, with 4 employees.
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- Website
- www.brainscanology.com
- Funding portal
- Wefunder Portal LLC
- Address
- 11684 HARLAN RD, Dublin, CA 94568
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 21, 2020
- SEC CIK
- 0001834218
Offering terms
From the offering filed October 14, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2023
- Portal compensation
- 7.5% 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 June 7, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-395,572 | $-508,909 | sec.gov |
| Taxes paid | $822 | $0 | sec.gov |
| Total assets | $36,123 | $394,369 | sec.gov |
| Cash | $17,557 | $372,595 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $20,646 | $59,537 | sec.gov |
| Long-term debt | $924,901 | $842,741 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 7, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 14, 2022 | Offering | $50,000 | $1,070,000 | April 30, 2023 | sec.gov | |
| October 14, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| October 3, 2022 | Withdrawal | Not listed | Not listed | sec.gov | ||
| October 3, 2022 | Offering | $50,000 | $1,070,000 | April 30, 2023 | sec.gov | |
| April 6, 2021 | Amendment | $50,000 | $1,070,000 | April 30, 2022 | Added reviewed financials for 2020, raised max fundraise target, and extended campaign deadline | sec.gov |
| March 23, 2021 | Amendment | $50,000 | $107,000 | April 30, 2021 | Extended campaign deadline | sec.gov |
| January 4, 2021 | Amendment | $50,000 | $107,000 | April 1, 2021 | Added lead investor | sec.gov |
| December 7, 2020 | Offering | $50,000 | $107,000 | April 1, 2021 | sec.gov |
Updated June 7, 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.