Data / Crowdfunding / Massachusetts / Helix Power Corp
Helix Power Corp: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2021)
Helix Power Corp, a corporation in Somerville, MA, filed a Form C with the SEC on July 30, 2021 to raise $25,000 to $1,070,000 in debt through SI SECURITIES, LLC. The offering closed on October 30, 2021. In its most recent fiscal year it reported $195,362 in revenue and a net loss of $176,495, with 1 employees.
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- Website
- www.helixpower.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 28 DANE STREET, Somerville, MA 02143
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 31, 2013
- SEC CIK
- 0001873827
Offering terms
From the offering filed July 30, 2021.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- October 30, 2021
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $195,362 | $522,941 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-176,495 | $246,798 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $291,716 | $352,902 | sec.gov |
| Cash | $134,682 | $68,584 | sec.gov |
| Accounts receivable | $3,000 | $163,934 | sec.gov |
| Short-term debt | $33,769 | $68,813 | sec.gov |
| Long-term debt | $132,047 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 9, 2021 | Progress update | $25,000 | $1,070,000 | October 30, 2021 | The issuer raised approximately $373,446.49 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| July 30, 2021 | Offering | $25,000 | $1,070,000 | October 30, 2021 | sec.gov |
Updated May 3, 2022. 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.