Data / Crowdfunding / West Virginia / INDECO UNION
INDECO UNION: crowdfunding raise on truCrowd, Inc, $10,000 to $898,000 (2018)
INDECO UNION, a corporation in Martinsburg, WV, filed a Form C with the SEC on October 2, 2018 to raise $10,000 to $898,000 in DUSTO (debt until security token offering) through truCrowd, Inc. The offering closed on January 31, 2019. In its most recent fiscal year it reported $39,200 in revenue and a net loss of $775,472, with 3 employees.
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- Website
- www.ind.eco
- Funding portal
- truCrowd, Inc
- Address
- 224 W. KING STREET, Martinsburg, WV 25401
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 3, 2017
- SEC CIK
- 0001722197
Offering terms
From the amendment filed October 2, 2018.
- Security
- DUSTO (debt until security token offering)
- Price
- $10.00
- Target
- $10,000
- Maximum
- $898,000
- Deadline
- January 31, 2019
- Portal compensation
- 7 percent
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $39,200 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-775,472 | $0 | sec.gov |
| Taxes paid | $1,888 | $0 | sec.gov |
| Total assets | $101,630 | $0 | sec.gov |
| Cash | $62,430 | $0 | sec.gov |
| Accounts receivable | $39,200 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 13, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| October 2, 2018 | Amendment | $10,000 | $898,000 | January 31, 2019 | Change the bonus periods and amounts, increase the maximum amount of the offering, decrease the minimum amount accepted per investor. | sec.gov |
| September 27, 2018 | Amendment | $10,000 | $575,000 | January 31, 2019 | Extend the closing date of the offering to January 31, 2019 | sec.gov |
| June 28, 2018 | Offering | $10,000 | $575,000 | September 30, 2018 | sec.gov | |
| January 22, 2018 | Progress update | $10,000 | $744,000 | January 12, 2018 | At the end of the offering, the amount closed on is $172,287 and 172,287 number of securities sold, final amount subject to change pending final receipt of committed investments. | sec.gov |
| December 7, 2017 | Amendment | $10,000 | $744,000 | January 12, 2018 | Correction to address, incorporation date, adding campaign web screenshots, updating team & compensation disclosures. | sec.gov |
| December 6, 2017 | Amendment | $10,000 | $744,000 | January 12, 2018 | Adding campaign web screenshots, updating team & compensation disclosures. | sec.gov |
| November 9, 2017 | Offering | $10,000 | $744,000 | January 12, 2018 | sec.gov |
Updated February 13, 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.