Data / Crowdfunding / California / Hackrod Inc.
Hackrod Inc.: crowdfunding raise on First Democracy VC, $50,000 to $1,070,000 (2018)
Hackrod Inc., a corporation in Woodland Hills, CA, filed a Form C with the SEC on March 9, 2018 to raise $50,000 to $1,070,000 in Crowd Note through First Democracy VC. The offering closed on March 14, 2018. In its most recent fiscal year it reported $483,475 in revenue and a net loss of $29,459, with 11 employees.
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- Website
- hackrod.com
- Funding portal
- First Democracy VC
- Address
- 21700 Oxnard St Suite 2070, Woodland Hills, CA 91367
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 21, 2017
- SEC CIK
- 0001727168
Offering terms
From the amendment filed March 9, 2018.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- March 14, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $483,475 | $0 | sec.gov |
| Cost of goods sold | $52,934 | $0 | sec.gov |
| Net income | $-29,459 | $-159,757 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $604,339 | $214,354 | sec.gov |
| Cash | $425,711 | $214,354 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $150,000 | $0 | sec.gov |
| Long-term debt | $337,015 | $31,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 30, 2018 | Progress update | $50,000 | $1,070,000 | March 14, 2018 | $171,639.04 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| March 9, 2018 | Amendment | $50,000 | $1,070,000 | March 14, 2018 | Adding a video transcript. | sec.gov |
| January 18, 2018 | Offering | $50,000 | $1,070,000 | March 14, 2018 | sec.gov |
Updated May 1, 2019. 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.