Data / Crowdfunding / California / Grow Source Technologies, Inc.
Grow Source Technologies, Inc.: crowdfunding raise on Wefunder Portal LLC, $200,000 to $1,235,000 (2024)
Grow Source Technologies, Inc., a corporation in San Diego, CA, filed a Form C with the SEC on July 24, 2024 to raise $200,000 to $1,235,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $4,066,505 in revenue and a net loss of $3,501,793, with 12 employees.
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- Website
- www.livelyroot.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2869 Historic Decatur Road, San Diego, CA 92106
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 8, 2023
- SEC CIK
- 0002000898
Offering terms
From the amendment filed July 24, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $200,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2025
- Portal compensation
- 5.0% 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.
Financials
From the Form C/A filed July 24, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,066,505 | $4,687,290 | sec.gov |
| Cost of goods sold | $790,743 | $3,508,462 | sec.gov |
| Net income | $-3,501,793 | $-3,830,330 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $435,825 | $776,259 | sec.gov |
| Cash | $14,703 | $48,006 | sec.gov |
| Accounts receivable | $63,688 | $127,755 | sec.gov |
| Short-term debt | $2,512,627 | $4,592,156 | sec.gov |
| Long-term debt | $714,605 | $2,508,332 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 24, 2024 | Amendment | $200,000 | $1,235,000 | April 30, 2025 | Combining 2023 financial predecessor and issuer numbers of net loss and revenue, cost of revenue. | sec.gov |
| June 21, 2024 | Amendment | $200,000 | $1,235,000 | April 30, 2025 | Changing financial numbers (net loss and cost of revenue). | sec.gov |
| April 30, 2024 | Amendment | $200,000 | $1,235,000 | April 30, 2025 | Added 2023 financial statements, extended the close date | sec.gov |
| December 4, 2023 | Offering | $200,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated July 24, 2024. 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.