Data / Crowdfunding / Illinois / Distributed Security, Inc.
Distributed Security, Inc.: crowdfunding raise on truCrowd, Inc, $9,000 to $90,000 (2018)
Distributed Security, Inc., a corporation in Mchenry, IL, filed a Form C with the SEC on March 27, 2018 to raise $9,000 to $90,000 in Revenue Participation Rights through truCrowd, Inc. The offering closed on March 30, 2018. In its most recent fiscal year it reported $45,680 in revenue and a net loss of $1,195.
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- Website
- www.distributedsecurity.com
- Funding portal
- truCrowd, Inc
- Address
- 518 S. ROUTE 31 #238, Mchenry, IL 60050
- Legal form
- Corporation
- Jurisdiction
- IL
- Incorporated
- March 16, 2011
- SEC CIK
- 0001710013
Offering terms
From the amendment filed March 27, 2018.
- Security
- Revenue Participation Rights
- Price
- $300.00
- Target
- $9,000
- Maximum
- $90,000
- Deadline
- March 30, 2018
- Portal compensation
- The Issuer will pay the funding portal an 8% success fee less about $1,200 paid in advance.
Financials
From the Form C/A filed March 27, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $45,680 | $15,957 | sec.gov |
| Cost of goods sold | $0 | $8,987 | sec.gov |
| Net income | $-1,195 | $-3,312 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,110 | $205 | sec.gov |
| Cash | $3,110 | $205 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $4,100 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 27, 2018 | Amendment | $9,000 | $90,000 | March 30, 2018 | Extend closing date to December 31, 2018. | sec.gov |
| December 12, 2017 | Amendment | $9,000 | $90,000 | March 30, 2018 | Extend closing date to March 30, 2018. | sec.gov |
| August 23, 2017 | Offering | $9,000 | $90,000 | December 31, 2017 | sec.gov |
Updated March 27, 2018. 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.