Data / Crowdfunding / Virginia / Konduit Works, Inc
Konduit Works, Inc: crowdfunding raise on MicroVenture Marketplace, Inc., $50,000 to $1,070,000 (2020)
Konduit Works, Inc, a corporation in Reston, VA, filed a Form C with the SEC on October 9, 2020 to raise $50,000 to $1,070,000 in Crowd Note through MicroVenture Marketplace, Inc.. The offering closed on October 19, 2020. In its most recent fiscal year it reported $92,875 in revenue and a net loss of $340,670, with 2 employees.
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- Website
- www.konduitworks.com
- Funding portal
- MicroVenture Marketplace, Inc.
- Address
- 12110 SUNSET HILLS RD #600, Reston, VA 20190
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 19, 2019
- SEC CIK
- 0001814684
Offering terms
From the amendment filed October 9, 2020.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- October 19, 2020
- Portal compensation
- The issuer shall pay to the intermediary a fee consisting of three percent (3%) commission based on the amount raised in the Offering and paid upon disbursement of funds from escrow after the conclusion of the Offering.
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $92,875 | $91,817 | sec.gov |
| Cost of goods sold | $53,540 | $71,759 | sec.gov |
| Net income | $-340,670 | $-684,316 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $167,453 | $417,350 | sec.gov |
| Cash | $145,274 | $402,028 | sec.gov |
| Accounts receivable | $20,322 | $13,389 | sec.gov |
| Short-term debt | $21,816 | $41,102 | sec.gov |
| Long-term debt | $267 | $267 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 27, 2020 | Progress update | $50,000 | $1,070,000 | October 19, 2020 | $704,565 in investments. Payments still processing; final figure not yet determined. | sec.gov |
| October 9, 2020 | Amendment | $50,000 | $1,070,000 | October 19, 2020 | Amendment o include the updated Reg D minimum investment amount of $25,000 in the Company Summary. | sec.gov |
| September 9, 2020 | Amendment | $50,000 | $1,070,000 | October 19, 2020 | Adding webinar transcript. | sec.gov |
| July 17, 2020 | Offering | $50,000 | $1,070,000 | October 19, 2020 | sec.gov |
Updated May 1, 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.