Data / Crowdfunding / Texas / GET TO WORK INC.
GET TO WORK INC.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $100,000 (2021)
GET TO WORK INC., a corporation in Detroit, TX, filed a Form C with the SEC on April 6, 2021 to raise $25,000 to $100,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $78,930 in revenue and a net loss of $423,030, with 5 employees.
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- Website
- www.plainsight.app
- Funding portal
- OpenDeal Portal LLC
- Address
- 1074 WOODWARD AVENUE DOWNTOWN DETROIT WAYNE COUNTY 1906, Detroit, TX 48226
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 13, 2017
- SEC CIK
- 0001769118
Offering terms
From the amendment filed April 6, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $100,000
- Deadline
- April 30, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the intermediary.
Financials
From the Form C-AR filed May 4, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $78,930 | $0 | sec.gov |
| Cost of goods sold | $15 | $0 | sec.gov |
| Net income | $-423,030 | $-112,229 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $103,331 | $401,765 | sec.gov |
| Cash | $96,737 | $10,667 | sec.gov |
| Accounts receivable | $6,000 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $17,422 | $17,322 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 4, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 4, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Progress update | $25,000 | $100,000 | April 30, 2021 | The Offering closed successfully on April 30, 2021, having received investment commitments of $76,755, although a final accounting has not taken place. | sec.gov |
| April 6, 2021 | Amendment | $25,000 | $100,000 | April 30, 2021 | (i) adjust the Maximum Offering Amount from $250,000 to $100,000 (ii), adjust the Target Offering Amount from $107,000 to $25,000, and (iii) amending the terms of the Crowd SAFE, including conditions under which the Investor must act. | sec.gov |
| March 25, 2021 | Amendment | $107,000 | $250,000 | April 30, 2021 | This amendment is being filed to correct a typo in the issuer's address. | sec.gov |
| March 12, 2021 | Offering | $107,000 | $250,000 | April 30, 2021 | sec.gov |
Updated May 4, 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.