Data / Crowdfunding / Emrod Inc.
Emrod Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Emrod Inc., a corporation in Auckland, filed a Form C with the SEC on August 11, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 31, 2022. In its most recent fiscal year it reported $186,500 in revenue and $1,348,005 in net income, with 7 employees.
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- Website
- www.emrod.energy
- Funding portal
- OpenDeal Portal LLC
- Address
- 40 KENWYN STREET, PARNELL SUITE C, Auckland, 1052
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 27, 2021
- SEC CIK
- 0001867448
Offering terms
From the amendment filed August 11, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- March 31, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed May 14, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $186,500 | $498,234 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $1,348,005 | $-1,064,892 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,137,784 | $1,495,281 | sec.gov |
| Cash | $1,381,628 | $917,753 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $728,828 | $513,618 | sec.gov |
| Long-term debt | $501,244 | $645,007 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 14, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 22, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 4, 2021 | Progress update | $25,000 | $1,070,000 | March 31, 2022 | The Offering closed successfully on 10/02/2021, having received investment commitments of $1,069,898.50, although a final accounting has not taken place. | sec.gov |
| August 11, 2021 | Amendment | $25,000 | $1,070,000 | March 31, 2022 | The amendment is to fix a typographical error in the Discount rate mentioned on the first page of the CrowdSAFE. The revision changes the discount rate to 20%. | sec.gov |
| August 11, 2021 | Offering | $25,000 | $1,070,000 | March 31, 2022 | sec.gov |
Updated May 14, 2024. 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.