Data / Crowdfunding / California / Generation Genius Inc
Generation Genius Inc: crowdfunding raise on StartEngine Capital, LLC, $9,997 to $1,069,998 (2019)
Generation Genius Inc, a corporation in Sherman Oaks, CA, filed a Form C with the SEC on March 26, 2019 to raise $9,997 to $1,069,998 in Series B Non-Voting Common Stock through StartEngine Capital, LLC. The offering closed on May 28, 2019. In its most recent fiscal year it reported $13,517,231 in revenue and $5,054,005 in net income, with 13 employees.
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- Website
- www.generationgenius.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 14622 VENTURA BLVD #2026, Sherman Oaks, CA 91403
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 9, 2017
- SEC CIK
- 0001763491
Offering terms
From the offering filed March 26, 2019.
- Security
- Series B Non-Voting Common Stock
- Price
- $3.75
- Target
- $9,997
- Maximum
- $1,069,998
- Deadline
- May 28, 2019
- Portal compensation
- 6.0 percent
Financials
From the Form C-AR filed April 21, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $13,517,231 | $6,839,737 | sec.gov |
| Cost of goods sold | $724,809 | $403,708 | sec.gov |
| Net income | $5,054,005 | $2,777,303 | sec.gov |
| Taxes paid | $1,343,469 | $738,270 | sec.gov |
| Total assets | $9,985,907 | $5,785,406 | sec.gov |
| Cash | $4,207,996 | $2,876,775 | sec.gov |
| Accounts receivable | $877,024 | $315,722 | sec.gov |
| Short-term debt | $720,517 | $511,889 | sec.gov |
| Long-term debt | $1,125,820 | $1,226,535 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 21, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 30, 2021 | Progress update | $9,997 | $1,069,998 | May 28, 2019 | Reporting final number of shares of Series Seed II Non-Voting Common Stock sold. Sold -- 285,622 shares of Series Seed II Non-Voting Common Stock for $1,069,346.25 (gross proceeds) Offering closed -- July 29, 2019 | sec.gov |
| April 26, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 12, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 26, 2019 | Offering | $9,997 | $1,069,998 | May 28, 2019 | sec.gov |
Updated April 22, 2022. 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.