Data / Crowdfunding / New Jersey / Clockout Inc.
Clockout Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2023)
Clockout Inc., a corporation in Bridgewater, NJ, filed a Form C with the SEC on January 18, 2023 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 25, 2023. In its most recent fiscal year it reported $49,418 in revenue and $441,716 in net income, with 2 employees.
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- Website
- www.clockoutapp.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 8 CARUSO COURT SUITE 3A, Bridgewater, NJ 08807
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 23, 2020
- SEC CIK
- 0001919013
Offering terms
From the amendment filed January 18, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- February 25, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary
Financials
From the Form C-AR/A filed June 7, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $49,418 | $1,187 | sec.gov |
| Cost of goods sold | $310,203 | $1,252 | sec.gov |
| Net income | $441,716 | $201,377 | sec.gov |
| Taxes paid | $8,510 | $0 | sec.gov |
| Total assets | $198,312 | $355,570 | sec.gov |
| Cash | $173,143 | $325,687 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 7, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 31, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| May 10, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 2, 2023 | Progress update | $25,000 | $1,070,000 | February 25, 2023 | The Offering closed successfully on 2/26/2023, having received investment commitments of $130,080, although a final accounting has not taken place. | sec.gov |
| January 18, 2023 | Amendment | $25,000 | $1,070,000 | February 25, 2023 | Included information on Concurrent Offering and changing offering deadline to February 25, 2023 | sec.gov |
| October 7, 2022 | Offering | $25,000 | $1,070,000 | April 30, 2023 | sec.gov |
Also on SpecStream
Updated June 7, 2024. 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.