Data / Crowdfunding / Texas / CarStart, Inc.
CarStart, Inc.: crowdfunding raise on Fundopolis Portal LLC, $50,000 to $249,999 (2020)
CarStart, Inc., a corporation in Dallas, TX, filed a Form C with the SEC on August 6, 2020 to raise $50,000 to $249,999 in debt through Fundopolis Portal LLC. The offering closed on August 25, 2020. In its most recent fiscal year it reported $68,703 in revenue and $16,246 in net income, with 5 employees.
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- Website
- www.carstart.com
- Funding portal
- Fundopolis Portal LLC
- Address
- 3824 CEDAR SPRINGS RD #305, Dallas, TX 75219
- Legal form
- Corporation
- Jurisdiction
- TX
- Incorporated
- December 1, 2017
- SEC CIK
- 0001809151
Offering terms
From the amendment filed August 6, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $249,999
- Deadline
- August 25, 2020
- Portal compensation
- 6.0% of the offering amount raised upon a successful fundraise comprised of 4% of funds raised and 2% of securities issued
Financials
From the Form C/A filed August 6, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $68,703 | $47,806 | sec.gov |
| Cost of goods sold | $14,457 | $10,111 | sec.gov |
| Net income | $16,246 | $9,877 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $82,000 | $50,000 | sec.gov |
| Cash | $21,000 | $46,233 | sec.gov |
| Accounts receivable | $0 | $3,488 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $35,000 | $44,600 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 6, 2020 | Amendment | $50,000 | $249,999 | August 25, 2020 | Updated language in Offering Memorandum and Raise Presentation to reflect COVID-19 temporary regulatory relief. | sec.gov |
| August 6, 2020 | Amendment | $50,000 | $249,999 | August 25, 2020 | Updated language in Offering Memorandum and Raise Presentation to reflect COVID-19 temporary regulatory relief. | sec.gov |
| May 26, 2020 | Amendment | $50,000 | $249,999 | August 25, 2020 | CarStart is increasing their Target Offering Amount to $249,999 and has updated their Intended Use of Proceeds accordingly. | sec.gov |
| May 21, 2020 | Amendment | $50,000 | $107,000 | August 25, 2020 | CarStart is increasing their Target Offering Amount to $249,999 and has updated their Intended Use of Proceeds accordingly. | sec.gov |
| May 5, 2020 | Offering | $50,000 | $107,000 | August 25, 2020 | sec.gov |
Updated August 6, 2020. 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.