Data / Crowdfunding / Minnesota / Ideal Conceal, Inc.
Ideal Conceal, Inc.: crowdfunding raise on Silicon Prairie Holdings Inc., $45,000 to $535,000 (2020)
Ideal Conceal, Inc., a corporation in Monticello, MN, filed a Form C with the SEC on January 23, 2020 to raise $45,000 to $535,000 in common stock through Silicon Prairie Holdings Inc.. The offering closed on August 1, 2020. In its most recent fiscal year it reported $85,110 in revenue and a net loss of $14,354.
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- Website
- idealconceal.com
- Funding portal
- Silicon Prairie Holdings Inc.
- Address
- 4300 SCHOOL BOULEVARD, Monticello, MN 55362
- Legal form
- Corporation
- Jurisdiction
- MN
- Incorporated
- October 6, 2015
- SEC CIK
- 0001704205
Offering terms
From the offering filed January 23, 2020.
- Security
- Common Stock
- Price
- $3.00
- Target
- $45,000
- Maximum
- $535,000
- Deadline
- August 1, 2020
- Portal compensation
- The intermediary is being paid a success fee of 5% and an onboarding fee of $2,500.
Financials
From the Form C filed January 23, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $85,110 | $346,264 | sec.gov |
| Cost of goods sold | $175,644 | $69,194 | sec.gov |
| Net income | $-14,354 | $-263,300 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $12,268 | $17,158 | sec.gov |
| Cash | $11,668 | $10,524 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $10,256 | $4,475 | sec.gov |
| Long-term debt | $587,583 | $266,171 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 23, 2020 | Offering | $45,000 | $535,000 | August 1, 2020 | sec.gov | |
| February 26, 2018 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| February 26, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 7, 2017 | Progress update | $1,070,000 | Not listed | November 6, 2017 | On 11/6/2016, Ideal Conceal, Inc closed another round of investors, having a total (on all closings) of 272 investors for a total amount invested of $174,135.00 | sec.gov |
| October 5, 2017 | Amendment | $1,070,000 | Not listed | November 6, 2017 | Extending offer for 30 days | sec.gov |
| July 28, 2017 | Amendment | $30,000 | $1,070,000 | September 30, 2017 | Corrected date of Ideal Conceals incorporation on offering statement. Corrected maximin target amount to reflect $1,070,070. Corrected a cut and paste error by replacing incorrect projected financials with correct information. | sec.gov |
| July 28, 2017 | Progress update | $30,000 | $1,000,000 | September 30, 2017 | Took a second disbursement of $43,258.39 including $3,460.67 funding portal fees. | sec.gov |
| July 11, 2017 | Progress update | $30,000 | $1,000,000 | September 30, 2017 | Partial closing disbursement of $76,194 | sec.gov |
| April 20, 2017 | Offering | $30,000 | $1,000,000 | September 30, 2017 | sec.gov |
Updated January 23, 2020. 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.