Data / Crowdfunding / New York / Edly Inc.
Edly Inc.: crowdfunding raise on MicroVenture Marketplace Inc., $25,000 to $1,070,000 (2020)
Edly Inc., a corporation in Briarcliff Manor, NY, filed a Form C with the SEC on November 6, 2020 to raise $25,000 to $1,070,000 in Crowd Note through MicroVenture Marketplace Inc.. The offering closed on December 21, 2020. In its most recent fiscal year it reported $1,524,558 in revenue and a net loss of $676,075, with 5 employees.
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- Website
- edly.co
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 555 Pleasantville Road, Suite N-202, Briarcliff Manor, NY 10510
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 30, 2019
- SEC CIK
- 0001788434
Offering terms
From the amendment filed November 6, 2020.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 21, 2020
- Portal compensation
- The issuer shall pay to the intermediary a fee consisting of three percent (3%) commission based on the amount raised in the Offering and paid upon disbursement of funds from escrow after the conclusion of the Offering.
Financials
From the Form C-AR filed April 29, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,524,558 | $336,079 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-676,075 | $-1,605,935 | sec.gov |
| Taxes paid | $-250 | $0 | sec.gov |
| Total assets | $1,821,084 | $707,730 | sec.gov |
| Cash | $1,171,692 | $493,966 | sec.gov |
| Accounts receivable | $15,871 | $0 | sec.gov |
| Short-term debt | $178,546 | $493,665 | sec.gov |
| Long-term debt | $564,555 | $400,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 13, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 7, 2021 | Progress update | $25,000 | $1,070,000 | December 21, 2020 | $313.038 IN INVESTMENTS. PAYMENTS STILL PROCESSING; FINAL FIGURE NOT YET DETERMINED. | sec.gov |
| November 6, 2020 | Amendment | $25,000 | $1,070,000 | December 21, 2020 | Correct the Company's Series Seed and Series Seed II past financing post-money valuations as included in the Fund Summary. | sec.gov |
| October 27, 2020 | Amendment | $25,000 | $1,070,000 | December 21, 2020 | Extend the offering deadline to December 21, 2020, include financial information as of September 30, 2020, and update business performance metrics. | sec.gov |
| October 6, 2020 | Amendment | $25,000 | $1,070,000 | November 16, 2020 | Adding webinar transcription to offering materials. | sec.gov |
| September 22, 2020 | Amendment | $25,000 | $1,070,000 | November 16, 2020 | Update Section 4 of the Crowd Note to remove accredited investor language. | sec.gov |
| September 15, 2020 | Amendment | $25,000 | $1,070,000 | November 16, 2020 | Update information in the Company Summary concerning the Company's primary competitors and ISA information, and to update the Company's executive team in the pitch deck. | sec.gov |
| September 14, 2020 | Offering | $25,000 | $1,070,000 | November 16, 2020 | sec.gov |
Updated September 13, 2022. 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.