Data / Crowdfunding / California / GroGuru, Inc.
GroGuru, Inc.: crowdfunding raise on Wefunder Portal LLC, $99,999 to $4,044,908 (2022)
GroGuru, Inc., a corporation in San Diego, CA, filed a Form C with the SEC on April 22, 2022 to raise $99,999 to $4,044,908 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $838,528 in revenue and a net loss of $1,457,336, with 10 employees.
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- Website
- www.groguru.com
- Funding portal
- Wefunder Portal LLC
- Address
- 5015 Shoreham Place Suite 150, San Diego, CA 92122
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 17, 2014
- SEC CIK
- 0001812857
Offering terms
From the amendment filed April 22, 2022.
- Security
- Preferred Stock
- Price
- $0.11
- Target
- $99,999
- Maximum
- $4,044,908
- Deadline
- April 30, 2023
- Portal compensation
- <p>6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p>
Financials
From the Form C-U filed October 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $838,528 | $617,986 | sec.gov |
| Cost of goods sold | $587,337 | $623,445 | sec.gov |
| Net income | $-1,457,336 | $-2,912,074 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $749,904 | $1,226,363 | sec.gov |
| Cash | $22,643 | $483,012 | sec.gov |
| Accounts receivable | $71,109 | $59,534 | sec.gov |
| Short-term debt | $3,024,931 | $3,228,231 | sec.gov |
| Long-term debt | $43,475 | $3,770,127 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 3, 2022 | Progress update | $99,999 | $4,044,908 | April 30, 2023 | The issuer raised a total of approximately $561,582 as of 9/26/2022, which is the date that the offering was closed. | sec.gov |
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2022 | Amendment | $99,999 | $4,044,908 | April 30, 2023 | Adding 2021 financials and extending campaign. | sec.gov |
| February 7, 2022 | Offering | $99,999 | $4,044,908 | April 30, 2022 | sec.gov | |
| October 27, 2021 | Progress update | $9,999 | $1,070,000 | October 5, 2021 | Issuer closed on 9,306,810 shares and $934,064.45. | sec.gov |
| August 24, 2021 | Progress update | $9,999 | $1,070,000 | October 5, 2021 | Issuer closed on 6,652,683 shares and $658,899.01 | sec.gov |
| June 22, 2021 | Amendment | $9,999 | $1,070,000 | October 5, 2021 | Update on the Issuer's partnership with Valley Irrigation. | sec.gov |
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 5, 2021 | Offering | $9,999 | $1,070,000 | October 5, 2021 | sec.gov | |
| March 31, 2021 | Progress update | $200,000 | $1,070,000 | September 25, 2020 | GroGuru raised $1,070,000.00 in Convertible Notes | sec.gov |
| June 19, 2020 | Amendment | $200,000 | $1,070,000 | September 25, 2020 | Added Lead Investor, added CPA reviewed financial statements, adjusted early bird terms to cover the first $600k of the campaign | sec.gov |
| June 19, 2020 | Offering | $200,000 | $1,070,000 | September 25, 2020 | sec.gov | |
| May 26, 2020 | Offering | $200,000 | $1,070,000 | September 25, 2020 | sec.gov |
Also on SpecStream
Updated April 26, 2023. 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.