Data / Crowdfunding / New Jersey / DGN Pharmacy, Inc.
DGN Pharmacy, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2021)
DGN Pharmacy, Inc., a corporation in East Rutherford, NJ, filed a Form C with the SEC on April 20, 2021 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 31, 2021. In its most recent fiscal year it reported $1,670,999 in revenue and a net loss of $3,730,113, with 20 employees.
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- Website
- www.personalrx.com
- Funding portal
- Wefunder Portal LLC
- Address
- 20 Murray Hill Parkway Suite 210, East Rutherford, NJ 07073
- Legal form
- Corporation
- Jurisdiction
- NJ
- Incorporated
- April 17, 2009
- SEC CIK
- 0001826196
Offering terms
From the amendment filed April 20, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2021
- 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/A filed April 20, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,670,999 | $1,549,232 | sec.gov |
| Cost of goods sold | $1,527,448 | $1,486,540 | sec.gov |
| Net income | $-3,730,113 | $-2,803,932 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,560,679 | $1,153,852 | sec.gov |
| Cash | $136 | $77 | sec.gov |
| Accounts receivable | $54,702 | $84,878 | sec.gov |
| Short-term debt | $5,533,007 | $2,696,702 | sec.gov |
| Long-term debt | $8,969,990 | $7,669,353 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 20, 2021 | Amendment | $50,000 | $1,070,000 | December 31, 2021 | Updated officers, voting power, risks, cap table, past raises, and financial condition. Added CPA reviewed financial statements for 2020 and a Lead Investor, Clarified that New Series Preferred Stock would be junior in liquidation preference. | sec.gov |
| October 28, 2020 | Offering | $50,000 | $1,070,000 | February 18, 2021 | sec.gov |
Updated April 20, 2021. 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.