Data / Crowdfunding / Rhode Island / Knack Inc.
Knack Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,069,998 (2020)
Knack Inc., a corporation in Barrington, RI, filed a Form C with the SEC on October 15, 2020 to raise $10,000 to $1,069,998 in common stock through StartEngine Capital, LLC. The offering closed on January 13, 2021. In its most recent fiscal year it reported $587,852 in revenue and a net loss of $706,374, with 3 employees.
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- Website
- knackbags.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 200 MIDDLE HIGHWAY, Barrington, RI 02806
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 10, 2018
- SEC CIK
- 0001753286
Offering terms
From the amendment filed October 15, 2020.
- Security
- Common Stock
- Price
- $0.80
- Target
- $10,000
- Maximum
- $1,069,998
- Deadline
- January 13, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR filed April 10, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $587,852 | $686,288 | sec.gov |
| Cost of goods sold | $266,723 | $277,589 | sec.gov |
| Net income | $-706,374 | $-792,716 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $744,904 | $1,214,852 | sec.gov |
| Cash | $89,531 | $414,643 | sec.gov |
| Accounts receivable | $7,889 | $4,229 | sec.gov |
| Short-term debt | $58,000 | $0 | sec.gov |
| Long-term debt | $150,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 10, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 10, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| January 19, 2021 | Progress update | $10,000 | $1,069,998 | January 13, 2021 | At the close of the offering, the issuer closed on $110,963.20 and 154,190 shares of Common Stock. | sec.gov |
| October 15, 2020 | Amendment | $10,000 | $1,069,998 | January 13, 2021 | Issuer is extending the length of their campaign by 90 days. | sec.gov |
| July 20, 2020 | Offering | $10,000 | $1,069,998 | October 18, 2020 | sec.gov |
Updated April 10, 2023. 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.