Data / Crowdfunding / California / Edisun Microgrids, Inc.
Edisun Microgrids, Inc.: crowdfunding raise on SI Securities, LLC, $25,000 to $1,070,000 (2017)
Edisun Microgrids, Inc., a corporation in Pasadena, CA, filed a Form C with the SEC on October 17, 2017 to raise $25,000 to $1,070,000 in preferred stock through SI Securities, LLC. The offering closed on December 15, 2017. In its most recent fiscal year it reported $1,481,808 in revenue and a net loss of $3,387,866, with 14 employees.
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- Website
- www.edisun.com
- Funding portal
- SI Securities, LLC
- Address
- 130 W. UNION ST., Pasadena, CA 91103
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 9, 2013
- SEC CIK
- 0001593780
Offering terms
From the offering filed October 17, 2017.
- Security
- Preferred Stock
- Price
- $0.80
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 15, 2017
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 2, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,481,808 | $52,024 | sec.gov |
| Cost of goods sold | $1,257,617 | $0 | sec.gov |
| Net income | $-3,387,866 | $-3,393,590 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,189,524 | $310,565 | sec.gov |
| Cash | $689,212 | $231,027 | sec.gov |
| Accounts receivable | $410,969 | $0 | sec.gov |
| Short-term debt | $1,243,461 | $766,462 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 20, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 2, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| December 20, 2017 | Progress update | $25,000 | $1,070,000 | December 15, 2017 | The issuer raised approximately $1,070,000 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| October 17, 2017 | Offering | $25,000 | $1,070,000 | December 15, 2017 | sec.gov |
Updated March 20, 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.