Data / Crowdfunding / Delaware / Growmotely, Inc.
Growmotely, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
Growmotely, Inc., a corporation in Wilmington, DE, filed a Form C with the SEC on June 14, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 25, 2022. In its most recent fiscal year it reported $1,589,839 in revenue and a net loss of $542,518.
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- Website
- growmotely.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2810 N CHURCH STREET PMB 71440, Wilmington, DE 19802
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 17, 2020
- SEC CIK
- 0001920911
Offering terms
From the offering filed June 14, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 25, 2022
- 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 10, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,589,839 | $332,138 | sec.gov |
| Cost of goods sold | $1,410,900 | $295,892 | sec.gov |
| Net income | $-542,518 | $-361,020 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $754,588 | $1,074,279 | sec.gov |
| Cash | $77,918 | $260,047 | sec.gov |
| Accounts receivable | $-121,715 | $0 | sec.gov |
| Short-term debt | $680,918 | $227,710 | sec.gov |
| Long-term debt | $1,047,182 | $17,021 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 10, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 10, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 26, 2022 | Progress update | $25,000 | $1,070,000 | September 25, 2022 | The Offering closed successfully on 9/26/2022, having received investment commitments of $66,970, although a final accounting has not taken place. | sec.gov |
| June 14, 2022 | Offering | $25,000 | $1,070,000 | September 25, 2022 | sec.gov |
Updated May 10, 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.