Data / Crowdfunding / New Jersey / Industrial Sustainability Group, Inc.
Industrial Sustainability Group, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2021)
Industrial Sustainability Group, Inc., a corporation in Asbury, NJ, filed a Form C with the SEC on October 18, 2021 to raise $50,000 to $1,070,000 in common stock through Wefunder Portal LLC. The offering closed on February 28, 2022. In its most recent fiscal year it reported $2,534,635 in revenue and $207,607 in net income, with 8 employees.
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- Website
- www.fuelox.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1022 State Route 173, Asbury, NJ 08802
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 10, 2021
- SEC CIK
- 0001857994
Offering terms
From the amendment filed October 18, 2021.
- Security
- Common Stock
- Price
- $2.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- February 28, 2022
- Portal compensation
- <p>6.5% of gross monies raised in the offering on any investment less than $25,000; the Portal will receive no commissions on individual investments greater than $25,000 if the Company provides Wefunder advanced notice of such individual investments.</p>
Financials
From the Form C/A filed October 18, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,534,635 | $2,003,644 | sec.gov |
| Cost of goods sold | $1,270,147 | $964,309 | sec.gov |
| Net income | $207,607 | $273,696 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,010,496 | $1,064,825 | sec.gov |
| Cash | $142,689 | $165,084 | sec.gov |
| Accounts receivable | $240,331 | $313,624 | sec.gov |
| Short-term debt | $186,753 | $141,848 | sec.gov |
| Long-term debt | $431,040 | $483,977 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 18, 2021 | Amendment | $50,000 | $1,070,000 | February 28, 2022 | Removing President of the Company. | sec.gov |
| July 9, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov |
Updated October 18, 2021. 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.