Data / Crowdfunding / Pennsylvania / InnaMed, Inc.
InnaMed, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2021)
InnaMed, Inc., a corporation in Philadelphia, PA, filed a Form C with the SEC on April 1, 2021 to raise $100,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on May 28, 2021. In its most recent fiscal year it reported $1,439,995 in revenue and a net loss of $1,951,729, with 14 employees.
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- Website
- www.Innamed.com
- Funding portal
- Wefunder Portal LLC
- Address
- 3401 GRAYS FERRY AVENUE BLDG 450, Philadelphia, PA 19146
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 16, 2016
- SEC CIK
- 0001773255
Offering terms
From the amendment filed April 1, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- May 28, 2021
- Portal compensation
- <p>3.75% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p>
Financials
From the Form C-AR filed April 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,439,995 | $207,418 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,951,729 | $-282,354 | sec.gov |
| Taxes paid | $4,024 | $1,638 | sec.gov |
| Total assets | $1,144,743 | $819,936 | sec.gov |
| Cash | $1,051,262 | $572,704 | sec.gov |
| Accounts receivable | $0 | $150,000 | sec.gov |
| Short-term debt | $88 | $196,705 | sec.gov |
| Long-term debt | $45,228 | $30,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 1, 2021 | Amendment | $100,000 | $1,070,000 | May 28, 2021 | Extending campaign deadline, increasing campaign maximum to $3,930,000, and non-material adjustments to past raises. | sec.gov |
| February 19, 2021 | Offering | $100,000 | $1,070,000 | April 30, 2022 | sec.gov | |
| April 23, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 23, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| August 1, 2019 | Progress update | $50,000 | $1,070,000 | July 31, 2019 | The Offering closed successfully on August 1, 2019, having received investment commitments of $1,070,000.00. | sec.gov |
| April 30, 2019 | Offering | $50,000 | $1,070,000 | July 31, 2019 | sec.gov |
Updated April 28, 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.