Data / Crowdfunding / Oregon / Green Gear Cycling, Inc.
Green Gear Cycling, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,000,000 (2017)
Green Gear Cycling, Inc., a corporation in Eugene, OR, filed a Form C with the SEC on August 25, 2017 to raise $10,000 to $1,000,000 in common stock through StartEngine Capital, LLC. The offering closed on October 9, 2017. In its most recent fiscal year it reported $2,445,408 in revenue and a net loss of $63,955, with 20 employees.
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- Website
- www.bikefriday.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 3364 WEST 11TH AVENUE, Eugene, OR 97402
- Legal form
- Corporation
- Jurisdiction
- OR
- Incorporated
- November 30, 1994
- SEC CIK
- 0001713352
Offering terms
From the amendment filed August 25, 2017.
- Security
- Common Stock
- Price
- $5.00
- Target
- $10,000
- Maximum
- $1,000,000
- Deadline
- October 9, 2017
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed May 1, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,445,408 | $2,508,087 | sec.gov |
| Cost of goods sold | $983,823 | $1,017,636 | sec.gov |
| Net income | $-63,955 | $-198,044 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $100,090 | $454,826 | sec.gov |
| Cash | $-10,250 | $21,414 | sec.gov |
| Accounts receivable | $-320,906 | $33,199 | sec.gov |
| Short-term debt | $557,862 | $1,069,486 | sec.gov |
| Long-term debt | $603,954 | $947,086 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| October 17, 2017 | Progress update | $10,000 | $1,000,000 | October 9, 2017 | At the close of the offering, the issuer sold $221,880 and 44,376 shares. | sec.gov |
| August 25, 2017 | Amendment | $10,000 | $1,000,000 | October 9, 2017 | Issuer has updated their financials with a certified accountant review and increased maximum funding goal to $1,070,000 | sec.gov |
| August 9, 2017 | Offering | $10,000 | $100,000 | October 9, 2017 | sec.gov |
Updated May 1, 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.