Data / Crowdfunding / North Carolina / iMagic Games Inc.
iMagic Games Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2018)
iMagic Games Inc., a corporation in Cary, NC, filed a Form C with the SEC on April 26, 2018 to raise $25,000 to $1,070,000 in debt through SI SECURITIES, LLC. The offering closed on June 29, 2018. In its most recent fiscal year it reported $150,944 in revenue and a net loss of $352,483, with 5 employees.
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- Website
- www.imagicgames.com
- Funding portal
- SI SECURITIES, LLC
- Address
- PO BOX 3897, Cary, NC 27519
- Legal form
- Corporation
- Jurisdiction
- NC
- Incorporated
- March 22, 2018
- SEC CIK
- 0001735880
Offering terms
From the amendment filed April 26, 2018.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- June 29, 2018
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C/A filed April 26, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $150,944 | $164,063 | sec.gov |
| Cost of goods sold | $24,868 | $25,064 | sec.gov |
| Net income | $-352,483 | $-627,678 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $60,869 | $47,982 | sec.gov |
| Cash | $49,435 | $37,511 | sec.gov |
| Accounts receivable | $10,183 | $9,052 | sec.gov |
| Short-term debt | $322,751 | $250,580 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2018 | Amendment | $25,000 | $1,070,000 | June 29, 2018 | Amendment to Exhibit A; Offering End Date extended; valuation cap tiered by investment date. | sec.gov |
| April 6, 2018 | Offering | $25,000 | $1,070,000 | June 8, 2018 | sec.gov |
Updated April 26, 2018. 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.