Data / Crowdfunding / California / Circle Medical Technologies, Inc.
Circle Medical Technologies, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2019)
Circle Medical Technologies, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on March 19, 2019 to raise $100,000 to $1,070,000 in preferred stock through Wefunder Portal LLC. The offering closed on March 26, 2019. In its most recent fiscal year it reported $804,733 in revenue and a net loss of $1,907,499, with 19 employees.
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- Website
- www.circlemedical.com
- Funding portal
- Wefunder Portal LLC
- Address
- 333 1st Street, San Francisco, CA 94105
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 1, 2015
- SEC CIK
- 0001748771
Offering terms
From the amendment filed March 19, 2019.
- Security
- Preferred Stock
- Price
- $0.73
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- March 26, 2019
- Portal compensation
- 5.0% 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/A filed March 19, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $804,733 | $215,506 | sec.gov |
| Cost of goods sold | $1,066,502 | $519,486 | sec.gov |
| Net income | $-1,907,499 | $-1,785,533 | sec.gov |
| Taxes paid | $1,850 | $3,368 | sec.gov |
| Total assets | $1,375,958 | $821,399 | sec.gov |
| Cash | $1,153,920 | $692,360 | sec.gov |
| Accounts receivable | $155,815 | $77,188 | sec.gov |
| Short-term debt | $99,320 | $114,720 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 19, 2019 | Amendment | $100,000 | $1,070,000 | March 26, 2019 | Update investment agreement | sec.gov |
| September 28, 2018 | Offering | $100,000 | $1,070,000 | November 26, 2018 | sec.gov |
Updated March 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.