Data / Crowdfunding / Alabama / GEMSS North America, Inc.
GEMSS North America, Inc.: crowdfunding raise on Mr. Crowd, $100,000 to $1,000,000 (2018)
GEMSS North America, Inc., a corporation in Mobile, AL, filed a Form C with the SEC on July 18, 2018 to raise $100,000 to $1,000,000 in common stock through Mr. Crowd. The offering closed on May 1, 2019. In its most recent fiscal year it reported $1,405,352 in revenue and a net loss of $387,473, with 7 employees.
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- Website
- www.gemss-northamerica.com
- Funding portal
- Mr. Crowd
- Address
- 750 LAKESIDE DRIVE SUITE A, Mobile, AL 36693
- Legal form
- Corporation
- Jurisdiction
- AL
- Incorporated
- March 5, 2014
- SEC CIK
- 0001738985
Offering terms
From the amendment filed July 18, 2018.
- Security
- Common Stock
- Price
- $2.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- May 1, 2019
- Portal compensation
- 1. The issuer shall pay the intermediary a fee equal to five percent (5%) of the gross amount raised. 2. The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of the issuer.
Financials
From the Form C/A filed July 18, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,405,352 | $1,569,398 | sec.gov |
| Cost of goods sold | $1,321,906 | $1,110,193 | sec.gov |
| Net income | $-387,473 | $-54,705 | sec.gov |
| Taxes paid | $5,467 | $1,717 | sec.gov |
| Total assets | $402,889 | $380,986 | sec.gov |
| Cash | $168,927 | $65,350 | sec.gov |
| Accounts receivable | $55,285 | $32,540 | sec.gov |
| Short-term debt | $613,214 | $717,742 | sec.gov |
| Long-term debt | $1,123,183 | $609,279 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 18, 2018 | Amendment | $100,000 | $1,000,000 | May 1, 2019 | Updated business plan | sec.gov |
| July 6, 2018 | Offering | $100,000 | $1,000,000 | May 1, 2019 | sec.gov |
Updated July 18, 2018. 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.