Data / Crowdfunding / California / General Presence Inc.
General Presence Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2018)
General Presence Inc., a corporation in Venice, CA, filed a Form C with the SEC on June 27, 2018 to raise $10,000 to $1,070,000 in Convertible Note through StartEngine Capital, LLC. The offering closed on July 25, 2018. In its most recent fiscal year it reported $10,058 in revenue and a net loss of $42,436, with 3 employees.
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- Website
- zenvideo.co
- Funding portal
- StartEngine Capital, LLC
- Address
- 26 WESTMINSTER AVENUE UNIT 4, Venice, CA 90291
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 28, 2011
- SEC CIK
- 0001654348
Offering terms
From the amendment filed June 27, 2018.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- July 25, 2018
- Portal compensation
- 6 percent
Financials
From the Form C-U filed July 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,058 | $19,575 | sec.gov |
| Cost of goods sold | $8,341 | $10,610 | sec.gov |
| Net income | $-42,436 | $-43,389 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,388 | $15,937 | sec.gov |
| Cash | $27 | $2,447 | sec.gov |
| Accounts receivable | $0 | $382 | sec.gov |
| Short-term debt | $10,596 | $13,836 | sec.gov |
| Long-term debt | $2,038 | $2,018 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 30, 2018 | Progress update | $10,000 | $1,070,000 | July 25, 2018 | At the close of the offering, the amount closed on is $232,450 and 232,450 number of securities sold, final amount subject to change pending final receipt of committed investments | sec.gov |
| June 27, 2018 | Amendment | $10,000 | $1,070,000 | July 25, 2018 | The issuer is updating campaign page to reflect name of new coin. | sec.gov |
| June 18, 2018 | Amendment | $10,000 | $1,070,000 | July 25, 2018 | The issuer is updating the video transcript, campaign page, and offering document to reflect new name of coin. | sec.gov |
| May 25, 2018 | Amendment | $10,000 | $1,070,000 | July 25, 2018 | The issuer is extending their offering and has updated timeline projection on their campaign page. | sec.gov |
| April 4, 2018 | Amendment | $10,000 | $1,070,000 | May 28, 2018 | Update to offering document due to xml filing error. | sec.gov |
| April 4, 2018 | Amendment | $10,000 | $1,070,000 | May 28, 2018 | Update to offering document due to xml filing error. | sec.gov |
| March 27, 2018 | Amendment | $10,000 | $1,070,000 | May 28, 2018 | Issuer is extending the offering. | sec.gov |
| February 7, 2018 | Amendment | $10,000 | $1,070,000 | March 31, 2018 | Issuer is updating minimum investment amount, increasing maximum offering amount, extending the end date of campaign, and is making updates to campaign page. | sec.gov |
| January 12, 2018 | Amendment | $10,000 | $250,000 | March 1, 2018 | Issuer is updating minimum investment amount, maximum offering amount, and extending the end date of the campaign. | sec.gov |
| November 28, 2017 | Offering | $10,000 | $107,000 | January 15, 2018 | sec.gov |
Updated July 30, 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.