Data / Crowdfunding / Massachusetts / In Force Technology, Inc.
In Force Technology, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,996 to $1,069,962 (2021)
In Force Technology, Inc., a corporation in Lynnfield, MA, filed a Form C with the SEC on March 3, 2021 to raise $9,996 to $1,069,962 in Class B Common Stock through StartEngine Capital, LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $373,632 in revenue and a net loss of $1,515,484, with 12 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.inforcetechnology.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 230 BROADWAY, SUITE 201, Lynnfield, MA 01940
- Legal form
- Corporation
- Jurisdiction
- MA
- Incorporated
- November 27, 2017
- SEC CIK
- 0001844945
Offering terms
From the amendment filed March 3, 2021.
- Security
- Class B Common Stock
- Price
- $7.89
- Target
- $9,996
- Maximum
- $1,069,962
- Deadline
- April 30, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 6, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $373,632 | $166,802 | sec.gov |
| Cost of goods sold | $107,920 | $62,459 | sec.gov |
| Net income | $-1,515,484 | $-812,921 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,369,309 | $711,639 | sec.gov |
| Cash | $22,260 | $174,920 | sec.gov |
| Accounts receivable | $97,305 | $12,900 | sec.gov |
| Short-term debt | $1,437,897 | $336,062 | sec.gov |
| Long-term debt | $341,829 | $1,018,498 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 6, 2022 | Progress update | $9,996 | $1,069,962 | April 30, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $33,293.07 and 4,347 number of securities. | sec.gov |
| May 3, 2021 | Progress update | $9,996 | $1,069,962 | April 30, 2021 | At the close of the offering, the issuer closed on $32,811.28 and 4,285 number of securities. | sec.gov |
| March 3, 2021 | Amendment | $9,996 | $1,069,962 | April 30, 2021 | Issuer updated their campaign page. | sec.gov |
| February 10, 2021 | Offering | $9,996 | $1,069,962 | April 30, 2021 | sec.gov |
Updated October 6, 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.