Data / Crowdfunding / Florida / Epec Holdings, Inc. (f/k/a Epec Biofuels Holdings, Inc.)
Epec Holdings, Inc. (f/k/a Epec Biofuels Holdings, Inc.): crowdfunding raise on Wefunder Portal LLC, $50,000 to $255,000 (2019)
Epec Holdings, Inc. (f/k/a Epec Biofuels Holdings, Inc.), a corporation in Plantation, FL, filed a Form C with the SEC on January 23, 2019 to raise $50,000 to $255,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2019. In its most recent fiscal year it reported $143,580 in revenue and a net loss of $441,483, with 1 employees.
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- Website
- jamesfchyde.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1776 Pine Island Road, Suite 316, Plantation, FL 33322
- Legal form
- Corporation
- Jurisdiction
- FL
- Incorporated
- October 9, 2008
- SEC CIK
- 0001470705
Offering terms
From the offering filed January 23, 2019.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $255,000
- Deadline
- April 30, 2019
- Portal compensation
- 6.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed June 25, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $143,580 | $75,319 | sec.gov |
| Cost of goods sold | $65,934 | $40,946 | sec.gov |
| Net income | $-441,483 | $-639,500 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,079,937 | $1,144,183 | sec.gov |
| Cash | $427 | $60,858 | sec.gov |
| Accounts receivable | $33,754 | $39,891 | sec.gov |
| Short-term debt | $1,050,330 | $1,127,321 | sec.gov |
| Long-term debt | $150,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 25, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 23, 2019 | Offering | $50,000 | $255,000 | April 30, 2019 | sec.gov | |
| December 3, 2018 | Progress update | $10,000 | $535,000 | April 30, 2019 | The amount raised at the time of closing is $184,400 | sec.gov |
| September 5, 2018 | Offering | $10,000 | $535,000 | April 30, 2019 | sec.gov | |
| May 1, 2018 | Progress update | $10,000 | $308,000 | April 30, 2018 | At the close of the offering, the amount closed on is $303,350.00 and 303,350 number of securities sold, final amount subject to change pending final receipt of committed investments. | sec.gov |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 4, 2018 | Amendment | $10,000 | $308,000 | April 30, 2018 | Update to offering document due to xml filing error. | sec.gov |
| March 22, 2018 | Amendment | $10,000 | $308,000 | April 30, 2018 | The issuer is extending offering. | sec.gov |
| February 5, 2018 | Amendment | $10,000 | $308,000 | April 4, 2018 | Clarification of startengine fees | sec.gov |
| January 3, 2018 | Offering | $10,000 | $308,000 | April 4, 2018 | sec.gov | |
| December 14, 2017 | Progress update | $100,000 | $1,000,000 | October 19, 2017 | The final number is $222,459.00 in investments. | sec.gov |
| October 6, 2017 | Amendment | $100,000 | $1,000,000 | October 19, 2017 | Changed deadline date, increased early bird, included video transcript, and updated business plan. | sec.gov |
| July 12, 2017 | Offering | $100,000 | $1,000,000 | January 8, 2018 | sec.gov |
Updated June 25, 2020. 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.