Data / Crowdfunding / Delaware / Coinseed, Inc.
Coinseed, Inc.: crowdfunding raise on Mr. Crowd, $25,000 to $400,000 (2020)
Coinseed, Inc., a corporation in Wilmington, DE, filed a Form C with the SEC on February 26, 2020 to raise $25,000 to $400,000 in Crowd Note through Mr. Crowd. The offering closed on April 30, 2020. In its most recent fiscal year it reported $279,257 in revenue and a net loss of $57,113, with 5 employees.
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- Website
- www.coinseed.co
- Funding portal
- Mr. Crowd
- Address
- 251 LITTLE FALLS DR, Wilmington, DE 19808
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 22, 2017
- SEC CIK
- 0001760049
Offering terms
From the amendment filed February 26, 2020.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $400,000
- Deadline
- April 30, 2020
- Portal compensation
- 1) The issuer shall pay the intermediary a fee equal to 1% of the gross amount raised. 2) The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of the issuer.
Financials
From the Form C-AR filed May 4, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $279,257 | $8,056 | sec.gov |
| Cost of goods sold | $142,362 | $2,731 | sec.gov |
| Net income | $-57,113 | $-2,125 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $536,738 | $711,421 | sec.gov |
| Cash | $536,738 | $711,421 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $528,662 | $673,466 | sec.gov |
| Long-term debt | $141,410 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2020 | Progress update | $25,000 | $400,000 | April 30, 2020 | The Offering closed successfully on April 30, 2020. The issuer has received investment commitments of $57,553 during this offering. Since payments are still being processed, the final investment amount is not yet determined. | sec.gov |
| February 26, 2020 | Amendment | $25,000 | $400,000 | April 30, 2020 | Extension of offering deadline | sec.gov |
| January 7, 2020 | Amendment | $25,000 | $400,000 | March 2, 2020 | Add perks in Question 13 - give 1 year free membership of Coinseed to all investors in this Offering | sec.gov |
| December 10, 2019 | Offering | $25,000 | $400,000 | March 2, 2020 | sec.gov | |
| July 12, 2019 | Offering | $25,000 | $401,000 | September 20, 2019 | sec.gov | |
| April 1, 2019 | Progress update | $25,000 | $200,000 | March 25, 2019 | $131,229 in investments. Payments still being processed; final number not yet determined. | sec.gov |
| February 28, 2019 | Amendment | $25,000 | $200,000 | March 25, 2019 | Added CPA-reviewed financial statements (attached as Exhibit A), updated user traction and historical financials in the Company Summary (attached as Exhibit B), increased maximum Offering amount to $200k and extended Offering deadline to March 25, 2019. | sec.gov |
| December 3, 2018 | Offering | $25,000 | $107,000 | February 28, 2019 | sec.gov |
Updated May 4, 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.