Data / Crowdfunding / New Hampshire / ecoText, Inc.
ecoText, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $255,000 (2020)
ecoText, Inc., a corporation in Dover, NH, filed a Form C with the SEC on July 29, 2020 to raise $10,000 to $255,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on September 1, 2020. In its most recent fiscal year it reported $30,000 in revenue and $18,000 in net income, with 4 employees.
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- Website
- www.info.ecotext.co/investor-reports
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 25 MORNINGSIDE DR, Dover, NH 03820
- Legal form
- Corporation
- Jurisdiction
- NH
- Incorporated
- March 29, 2018
- SEC CIK
- 0001802925
Offering terms
From the amendment filed July 29, 2020.
- Security
- Common Stock
- Price
- $0.30
- Target
- $10,000
- Maximum
- $255,000
- Deadline
- September 1, 2020
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed April 19, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $30,000 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $18,000 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $130,000 | $60,000 | sec.gov |
| Cash | $663,000 | $350,000 | sec.gov |
| Accounts receivable | $30,000 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 19, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 2, 2020 | Progress update | $10,000 | $255,000 | September 1, 2020 | End of offering. Issuer closed its offering with estimated gross proceeds of $166,239. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| July 29, 2020 | Amendment | $10,000 | $255,000 | September 1, 2020 | issuer extended the offering date. | sec.gov |
| July 13, 2020 | Amendment | $10,000 | $255,000 | August 1, 2020 | issuer extended the offering date. | sec.gov |
| June 22, 2020 | Amendment | $10,000 | $255,000 | July 22, 2020 | issuer extended the offering date. | sec.gov |
| April 24, 2020 | Amendment | $10,000 | $255,000 | June 26, 2020 | issuer changed the number of shares available for the offering to 850,000 resulting in a $0.30 price per share. | sec.gov |
| April 24, 2020 | Offering | $10,000 | $255,000 | June 26, 2020 | sec.gov |
Updated April 19, 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.