Data / Crowdfunding / New York / Duralogic USA Inc
Duralogic USA Inc: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $526,805 (2018)
Duralogic USA Inc, a corporation in Sandy, NY, filed a Form C with the SEC on May 2, 2018 to raise $25,000 to $526,805 in preferred stock through SI SECURITIES, LLC. The offering closed on May 2, 2018. In its most recent fiscal year it reported $2,580,858 in revenue and $176,186 in net income, with 4 employees.
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- Website
- www.ravean.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 12 LA MONTAGNE LN, Sandy, NY 84092
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 28, 2017
- SEC CIK
- 0001710332
Offering terms
From the amendment filed May 2, 2018.
- Security
- Preferred Stock
- Price
- $0.99
- Target
- $25,000
- Maximum
- $526,805
- Deadline
- May 2, 2018
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,580,858 | $2,409,187 | sec.gov |
| Cost of goods sold | $983,297 | $906,315 | sec.gov |
| Net income | $176,186 | $-20,476 | sec.gov |
| Taxes paid | $0 | $24,332 | sec.gov |
| Total assets | $1,569,990 | $1,042,347 | sec.gov |
| Cash | $519,666 | $440,389 | sec.gov |
| Accounts receivable | $0 | $8,022 | sec.gov |
| Short-term debt | $1,039,981 | $863,657 | sec.gov |
| Long-term debt | $404,195 | $447,122 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2018 | Amendment | $25,000 | $526,805 | May 2, 2018 | The Company raised the maximum offering amount to $526,805.70 and has sent out reconfirmation emails to all investors. All investors invested before March 23. May 2nd, 2018 was entered here in order to file outside of the offering period. | sec.gov |
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| March 29, 2018 | Progress update | Not listed | Not listed | The issuer raised approximately $390,000 during the offering period. Payment are still being processed; the exact amount has yet to be determined. | sec.gov | |
| January 19, 2018 | Offering | $25,000 | $446,805 | March 23, 2018 | sec.gov | |
| September 29, 2017 | Amendment | $25,000 | $1,070,000 | October 25, 2017 | Extending the offering end date to end on October 25, and lowering the valuation and share price (to $4m pre-money valuation and $3.42, respectively). | sec.gov |
| July 26, 2017 | Offering | $25,000 | $1,000,000 | September 29, 2017 | sec.gov |
Updated May 1, 2019. 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.