Data / Crowdfunding / Minnesota / Irrigreen Inc
Irrigreen Inc: crowdfunding raise on DALMORE GROUP LLC, $80,000 to $4,300,000 (2022)
Irrigreen Inc, a corporation in Edina, MN, filed a Form C with the SEC on February 1, 2022 to raise $80,000 to $4,300,000 in Crowd SAFE through DALMORE GROUP LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $2,967,470 in revenue and a net loss of $3,983,551, with 38 employees.
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- Website
- www.irrigreen.com
- Funding portal
- DALMORE GROUP LLC
- Address
- 5250 W 73RD ST SUITE I, Edina, MN 55439
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 17, 2011
- SEC CIK
- 0001843387
Offering terms
From the offering filed February 1, 2022.
- Security
- Crowd SAFE
- Price
- $1.00
- Target
- $80,000
- Maximum
- $4,300,000
- Deadline
- April 30, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of three percent (3%) of the first $2,000,000 raised and 2% on raised capital above $2,000,000 from the sale of Securities to investors under Reg CF.
Financials
From the Form C-AR filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,967,470 | $1,482,713 | sec.gov |
| Cost of goods sold | $1,304,835 | $1,445,181 | sec.gov |
| Net income | $-3,983,551 | $-3,762,440 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,883,695 | $7,470,442 | sec.gov |
| Cash | $5,304,039 | $5,978,983 | sec.gov |
| Accounts receivable | $3,881 | $0 | sec.gov |
| Short-term debt | $1,471,386 | $1,036,082 | sec.gov |
| Long-term debt | $1,030,982 | $1,069,482 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| February 1, 2022 | Offering | $80,000 | $4,300,000 | April 30, 2022 | sec.gov | |
| July 12, 2021 | Progress update | $25,000 | $1,070,000 | July 9, 2021 | The Offering closed successfully on 07/09/2021, having received investment commitments of $612,475.39, although a final accounting has not taken place | sec.gov |
| June 21, 2021 | Amendment | $25,000 | $1,070,000 | July 9, 2021 | Company is disclosing additional information concerning its Vice President of Revenue and extending the deadline of the offering to July 9, 2021. | sec.gov |
| May 7, 2021 | Amendment | $25,000 | $1,070,000 | June 20, 2021 | This Form C/A includes updates to the SAFE, additional information and clarified its active or pending patents, corrected a compilation error by including correct financials statements and updated the financial information contained in this Form C/A. | sec.gov |
| March 8, 2021 | Offering | $25,000 | $1,070,000 | June 20, 2021 | sec.gov |
Updated May 2, 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.