Data / Crowdfunding / Texas / Kanthaka Inc.
Kanthaka Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Kanthaka Inc., a corporation in Hempstead, TX, filed a Form C with the SEC on May 7, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE through OpenDeal Portal LLC. The offering closed on September 4, 2021. In its most recent fiscal year it reported $434,428 in revenue and a net loss of $669,479, with 1 employees.
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- Website
- mykanthaka.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1605 9TH STREET, Hempstead, TX 77445
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 19, 2019
- SEC CIK
- 0001853510
Offering terms
From the offering filed May 7, 2021.
- Security
- Crowd SAFE
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 4, 2021
- Portal compensation
- 6% of aggregate offering proceeds.
Financials
From the Form C-AR filed May 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $434,428 | $155,999 | sec.gov |
| Cost of goods sold | $321,798 | $105,893 | sec.gov |
| Net income | $-669,479 | $-362,803 | sec.gov |
| Taxes paid | $450 | $0 | sec.gov |
| Total assets | $466,746 | $168,929 | sec.gov |
| Cash | $466,746 | $125,772 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $27,924 | $30,943 | sec.gov |
| Long-term debt | $0 | $119 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| August 5, 2021 | Progress update | $25,000 | $1,070,000 | September 4, 2021 | The Offering closed successfully on 8/5/2021, having received investment commitments of $55,861.00, although a final accounting has not taken place. | sec.gov |
| May 7, 2021 | Offering | $25,000 | $1,070,000 | September 4, 2021 | sec.gov |
Updated May 3, 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.