Data / Crowdfunding / California / DirecTech Labs, Inc.
DirecTech Labs, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2019)
DirecTech Labs, Inc., a corporation in Santa Monica, CA, filed a Form C with the SEC on August 2, 2019 to raise $25,000 to $1,070,000 in preferred stock through SI SECURITIES, LLC. The offering closed on September 27, 2019. In its most recent fiscal year it reported $1,626,863 in revenue and a net loss of $1,010,406, with 13 employees.
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- Website
- www.DirecTechLabs.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 929 COLORADO AVENUE, Santa Monica, CA 90401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 26, 2016
- SEC CIK
- 0001776217
Offering terms
From the amendment filed August 2, 2019.
- Security
- Preferred Stock
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 27, 2019
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 28, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,626,863 | $920,000 | sec.gov |
| Cost of goods sold | $309,810 | $76,000 | sec.gov |
| Net income | $-1,010,406 | $-667,143 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $455,524 | $765,278 | sec.gov |
| Cash | $315,870 | $322,449 | sec.gov |
| Accounts receivable | $125,176 | $270,500 | sec.gov |
| Short-term debt | $311,416 | $300,219 | sec.gov |
| Long-term debt | $1,958,051 | $1,455,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 28, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| September 24, 2019 | Progress update | $25,000 | $1,070,000 | September 27, 2019 | The issuer raised approximately $263,074 during the offering period. Payment are still being processed; the exact amount has yet to be determined. | sec.gov |
| August 2, 2019 | Amendment | $25,000 | $1,070,000 | September 27, 2019 | Amended share price and disclosures | sec.gov |
| July 29, 2019 | Offering | $25,000 | $1,070,000 | September 27, 2019 | sec.gov |
Updated May 28, 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.