Data / Crowdfunding / Colorado / COMSERO, INC.
COMSERO, INC.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $4,000,000 (2022)
COMSERO, INC., a corporation in Thornton, CO, filed a Form C with the SEC on February 3, 2022 to raise $50,000 to $4,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $2,577,037 in revenue and a net loss of $1,408,347, with 11 employees.
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- Website
- mcsquares.com
- Funding portal
- Wefunder Portal LLC
- Address
- 550 THORNTON PARKWAY UNIT 208, Thornton, CO 80229
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 25, 2016
- SEC CIK
- 0001693046
Offering terms
From the amendment filed February 3, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $4,000,000
- Deadline
- April 30, 2022
- 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-U filed October 6, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,577,037 | $610,697 | sec.gov |
| Cost of goods sold | $637,684 | $129,499 | sec.gov |
| Net income | $-1,408,347 | $-732,738 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,494,810 | $688,938 | sec.gov |
| Cash | $523,751 | $123,227 | sec.gov |
| Accounts receivable | $27,239 | $17,333 | sec.gov |
| Short-term debt | $400,205 | $250,730 | sec.gov |
| Long-term debt | $1,369,278 | $602,878 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 6, 2022 | Progress update | $9,999 | $1,070,000 | November 1, 2021 | At the close of the offering, the issuer closed on $660,758.54 and 571,367 number of securities. | sec.gov |
| February 3, 2022 | Amendment | $50,000 | $4,000,000 | April 30, 2022 | Transferring to Wefunder Portal LLC as the funding portal of record | sec.gov |
| December 6, 2021 | Offering | $4,000,000 | $4,000,000 | June 30, 2022 | sec.gov | |
| September 8, 2021 | Amendment | $9,999 | $1,070,000 | November 1, 2021 | Issuer is extending the length of their campaign and have added private offering terms to Form C. | sec.gov |
| May 6, 2021 | Amendment | $9,999 | $1,070,000 | September 10, 2021 | adding 2020 financials | sec.gov |
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 15, 2021 | Amendment | $9,999 | $1,070,000 | September 10, 2021 | Increasing maximum raise amount above $1.07M | sec.gov |
| March 15, 2021 | Offering | $9,999 | $1,069,999 | September 10, 2021 | sec.gov | |
| December 7, 2020 | Progress update | $9,999 | $709,242 | December 29, 2020 | At the close of the offering, the issuer closed on $676,968.39 and 605,173 number of securities. | sec.gov |
| October 27, 2020 | Amendment | $9,999 | $709,242 | December 29, 2020 | Issuer is extending their campaign by 60 days. | sec.gov |
| July 31, 2020 | Offering | $9,999 | $709,242 | October 29, 2020 | sec.gov | |
| July 29, 2020 | Amendment | $9,999 | $709,242 | October 29, 2020 | Added their Financial Audit | sec.gov |
| July 24, 2020 | Offering | $9,999 | $174,244 | October 29, 2020 | sec.gov | |
| June 25, 2020 | Progress update | $200,000 | $1,070,000 | April 30, 2020 | The amount raised at the close of the offering was $366,003.00 through SAFE. | sec.gov |
| June 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| February 19, 2020 | Offering | $200,000 | $1,070,000 | April 30, 2020 | sec.gov |
Updated October 6, 2022. 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.