Data / Crowdfunding / Arizona / Health Cost IQ Inc.
Health Cost IQ Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Health Cost IQ Inc., a corporation in Chandler, AZ, filed a Form C with the SEC on July 12, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $564,228 in revenue and a net loss of $164,917, with 5 employees.
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- Website
- www.healthcostiq.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1820 EAST RAY ROAD, SUITE A201 SUITE A201, Chandler, AZ 85225
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 16, 2023
- SEC CIK
- 0001791970
Offering terms
From the offering filed July 12, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 30, 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 April 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $564,228 | $670,034 | sec.gov |
| Cost of goods sold | $224,137 | $393,260 | sec.gov |
| Net income | $-164,917 | $-84,594 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $301,697 | $326,508 | sec.gov |
| Cash | $16,744 | $49,197 | sec.gov |
| Accounts receivable | $8,592 | $0 | sec.gov |
| Short-term debt | $599,269 | $213,438 | sec.gov |
| Long-term debt | $603,639 | $735,102 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2022 | Progress update | $25,000 | $1,070,000 | April 30, 2022 | The Offering closed successfully on 4/30/2022, having received investment commitments of $54,376.00, although a final accounting has not taken place. | sec.gov |
| July 12, 2021 | Offering | $25,000 | $1,070,000 | April 30, 2022 | sec.gov |
Also on SpecStream
Updated April 28, 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.