Data / Crowdfunding / West Virginia / Geostellar, Inc.
Geostellar, Inc.: crowdfunding raise on OpenDeal Inc., $50,000 to $1,070,000 (2017)
Geostellar, Inc., a corporation in Martinsburg, WV, filed a Form C with the SEC on October 10, 2017 to raise $50,000 to $1,070,000 in Crowd Safes (Simple Agreements for Future Equity) through OpenDeal Inc.. The offering closed on October 10, 2017. In its most recent fiscal year it reported $3,401,010 in revenue and a net loss of $5,778,487, with 25 employees.
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- Website
- geostellar.com
- Funding portal
- OpenDeal Inc.
- Address
- 224 WEST KING STREET, Martinsburg, WV 25401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 22, 2010
- SEC CIK
- 0001517560
Offering terms
From the amendment filed October 10, 2017.
- Security
- Crowd Safes (Simple Agreements for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- October 10, 2017
- Portal compensation
- 5.0% of the amount raised in the Offering
Financials
From the Form C-U filed October 11, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,401,010 | $2,473,773 | sec.gov |
| Cost of goods sold | $3,326,278 | $2,335,264 | sec.gov |
| Net income | $-5,778,487 | $-3,581,413 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,413,141 | $1,543,716 | sec.gov |
| Cash | $51,694 | $13,312 | sec.gov |
| Accounts receivable | $26,689 | $663,551 | sec.gov |
| Short-term debt | $2,461,871 | $3,958,209 | sec.gov |
| Long-term debt | $3,751,831 | $848,219 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 11, 2017 | Progress update | $50,000 | $1,070,000 | October 10, 2017 | The Issuer raised approximately $323,000 during the offering period. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| October 10, 2017 | Amendment | $50,000 | $1,070,000 | October 10, 2017 | The Issuer is amending their Form C by adding the following documents: (i) an addendum explaining the Issuer's financial situation; and (ii) an amended offering page. | sec.gov |
| August 16, 2017 | Amendment | $50,000 | $1,070,000 | October 10, 2017 | Offering page included to the Issuer's initial Form C filing updated to incorporate (i) minor formatting and grammatical edits, and (ii) the Issuer's current progress in meeting the Target Offering Amount. | sec.gov |
| August 14, 2017 | Amendment | $50,000 | $1,070,000 | October 10, 2017 | Insertion of missing page inadvertently excluded from Form C filing. | sec.gov |
| August 11, 2017 | Offering | $50,000 | $1,070,000 | October 10, 2017 | sec.gov |
Updated October 11, 2017. 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.