Data / Crowdfunding / Texas / KarSavior Inc
KarSavior Inc: crowdfunding raise on MicroVenture Marketplace, Inc., $50,000 to $250,000 (2020)
KarSavior Inc, a corporation in Austin, TX, filed a Form C with the SEC on August 14, 2020 to raise $50,000 to $250,000 in CROWD NOTE through MicroVenture Marketplace, Inc.. The offering closed on September 28, 2020. In its most recent fiscal year it reported $227,254 in revenue and a net loss of $155,371, with 3 employees.
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- Website
- www.thecarsavior.com
- Funding portal
- MicroVenture Marketplace, Inc.
- Address
- 4409 ENCLAVE COVE, Austin, TX 78731
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 28, 2017
- SEC CIK
- 0001816346
Offering terms
From the amendment filed August 14, 2020.
- Security
- CROWD NOTE
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- September 28, 2020
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay to the Intermediary a fee consisting of five percent (5%) commission based on the amount of investments raised in the Offering and paid upon distribution of funds from escrow at the time of closing.
Financials
From the Form C-U filed February 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $227,254 | $49,451 | sec.gov |
| Cost of goods sold | $155,038 | $43,582 | sec.gov |
| Net income | $-155,371 | $-93,227 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $39,531 | $111,746 | sec.gov |
| Cash | $39,531 | $111,746 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $19,477 | $16,321 | sec.gov |
| Long-term debt | $271,000 | $191,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 12, 2021 | Progress update | $50,000 | $250,000 | September 28, 2020 | Offering did not meet minimum; investments being returned to investors. | sec.gov |
| August 14, 2020 | Amendment | $50,000 | $250,000 | September 28, 2020 | Include ability to conduct multiple closings, extending offering deadline to February 8, 2021, include the company's 2018 and 2019 financial statements, information about the 2018 employee stock plan, additional securities issued, updated company summary. | sec.gov |
| July 1, 2020 | Offering | $50,000 | $250,000 | September 28, 2020 | sec.gov |
Updated February 12, 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.