Data / Crowdfunding / New York / Insense Ads, Inc
Insense Ads, Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Insense Ads, Inc, a corporation in New York, NY, filed a Form C with the SEC on August 27, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 1, 2020. In its most recent fiscal year it reported $5,239,828 in revenue and a net loss of $1,954,395, with 1 employees.
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- Website
- insense.pro
- Funding portal
- OpenDeal Portal LLC
- Address
- 31 WEST 34TH STREET SUITE 8189, New York, NY 10001
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 1, 2016
- SEC CIK
- 0001689396
Offering terms
From the amendment filed August 27, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 1, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-AR/A filed November 18, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,239,828 | $3,159,709 | sec.gov |
| Cost of goods sold | $3,802,039 | $1,716,547 | sec.gov |
| Net income | $-1,954,395 | $-1,964,778 | sec.gov |
| Taxes paid | $7,329 | $0 | sec.gov |
| Total assets | $481,169 | $1,467,402 | sec.gov |
| Cash | $391,149 | $1,291,600 | sec.gov |
| Accounts receivable | $39,658 | $88,734 | sec.gov |
| Short-term debt | $851,852 | $358,594 | sec.gov |
| Long-term debt | $3,268,261 | $2,793,376 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 18, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| November 18, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| November 18, 2024 | Withdrawal | Not listed | Not listed | sec.gov | ||
| May 2, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 24, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 15, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| November 2, 2020 | Progress update | $25,000 | $1,070,000 | November 1, 2020 | The Offering closed successfully on 11/02/2020, having received investment commitments of $148,991, although a final accounting has not taken place. | sec.gov |
| August 27, 2020 | Amendment | $25,000 | $1,070,000 | November 1, 2020 | Company is disclosing a recent investment from an angel investor and a recent government loan. | sec.gov |
| May 18, 2020 | Amendment | $25,000 | $1,070,000 | November 1, 2020 | Company is updating its address | sec.gov |
| May 15, 2020 | Offering | $25,000 | $1,070,000 | November 1, 2020 | sec.gov |
Updated November 18, 2024. 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.