Data / Crowdfunding / California / Distributed Media Lab, Inc.
Distributed Media Lab, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $690,661 (2023)
Distributed Media Lab, Inc., a corporation in Palo Alto, CA, filed a Form C with the SEC on February 22, 2023 to raise $10,000 to $690,661 in common stock through NetCapital Funding Portal Inc.. The offering closed on April 24, 2023. In its most recent fiscal year it reported $1,542,904 in revenue and a net loss of $583,279, with 9 employees.
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- Website
- www.distributedmedialab.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 3634 South Court, Palo Alto, CA 94306
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 15, 2017
- SEC CIK
- 0001873488
Offering terms
From the amendment filed February 22, 2023.
- Security
- Common Stock
- Price
- $1.48
- Target
- $10,000
- Maximum
- $690,661
- Deadline
- April 24, 2023
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed September 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,542,904 | $1,414,251 | sec.gov |
| Cost of goods sold | $117,874 | $13,880 | sec.gov |
| Net income | $-583,279 | $432,971 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,289,374 | $731,302 | sec.gov |
| Cash | $1,068,108 | $583,522 | sec.gov |
| Accounts receivable | $14,156 | $40,345 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $1,293,749 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 1, 2023 | Progress update | $10,000 | $690,661 | April 24, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $32,098. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| February 22, 2023 | Amendment | $10,000 | $690,661 | April 24, 2023 | the issuer removed 2 team members from the team section of their offering page. | sec.gov |
| February 22, 2023 | Offering | $10,000 | $690,661 | April 24, 2023 | sec.gov |
Updated September 1, 2023. 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.