Data / Crowdfunding / California / iAssay, Inc.
iAssay, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $900,000 (2021)
iAssay, Inc., a corporation in San Diego, CA, filed a Form C with the SEC on March 17, 2021 to raise $50,000 to $900,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $192,001 in revenue and a net loss of $218,974, with 2 employees.
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- Website
- www.iAssay.net
- Funding portal
- Wefunder Portal LLC
- Address
- 7220 Trade Street, Suite 168, San Diego, CA 92121
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 2, 2014
- SEC CIK
- 0001834751
Offering terms
From the amendment filed March 17, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $900,000
- Deadline
- April 30, 2022
- Portal compensation
- <p>6.5% 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.</p>
Financials
From the Form C-AR filed June 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $192,001 | $0 | sec.gov |
| Cost of goods sold | $69,326 | $57,089 | sec.gov |
| Net income | $-218,974 | $-151,106 | sec.gov |
| Taxes paid | $4,668 | $2,734 | sec.gov |
| Total assets | $286,413 | $181,190 | sec.gov |
| Cash | $118,013 | $3,308 | sec.gov |
| Accounts receivable | $-9,482 | $0 | sec.gov |
| Short-term debt | $189,534 | $157,977 | sec.gov |
| Long-term debt | $650,733 | $358,094 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 3, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 17, 2021 | Amendment | $50,000 | $900,000 | April 30, 2022 | Added 2020 reviewed financials and added lead investor | sec.gov |
| January 4, 2021 | Offering | $50,000 | $900,000 | April 29, 2021 | sec.gov |
Updated June 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.