Data / Crowdfunding / New York / FOCUSMATE INC
FOCUSMATE INC: crowdfunding raise on OpenDeal Inc., $25,000 to $1,070,000 (2018)
FOCUSMATE INC, a corporation in New York, NY, filed a Form C with the SEC on September 21, 2018 to raise $25,000 to $1,070,000 in Units of Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on January 18, 2019. In its most recent fiscal year it reported $17,363 in revenue and a net loss of $297,539, with 3 employees.
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- Website
- www.focusmate.com
- Funding portal
- OpenDeal Inc.
- Address
- 2326 2ND AVENUE APT. 3S, New York, NY 10035
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 28, 2016
- SEC CIK
- 0001745727
Offering terms
From the offering filed September 21, 2018.
- Security
- Units of Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- January 18, 2019
- Portal compensation
- 6.0% of the amount raised
Financials
From the Form C-AR filed April 15, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $17,363 | $5,988 | sec.gov |
| Cost of goods sold | $8,319 | $0 | sec.gov |
| Net income | $-297,539 | $-112,680 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $560,880 | $320,104 | sec.gov |
| Cash | $518,090 | $320,104 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $9,768 | $109,239 | sec.gov |
| Long-term debt | $583,867 | $375,375 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 15, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 25, 2019 | Progress update | $25,000 | $1,070,000 | January 18, 2019 | The Issuer raised approximately $126,067.00 during the offering period. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| September 21, 2018 | Offering | $25,000 | $1,070,000 | January 18, 2019 | sec.gov |
Updated April 15, 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.