Data / Crowdfunding / California / Launch Cart, Inc.
Launch Cart, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,001 to $1,225,000 (2024)
Launch Cart, Inc., a corporation in Escondido, CA, filed a Form C with the SEC on January 11, 2024 to raise $10,001 to $1,225,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on March 15, 2024. In its most recent fiscal year it reported $233,804 in revenue and a net loss of $982,936, with 3 employees.
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- Website
- launchcart.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 201 E Grand Ave Ste 2F, Escondido, CA 92025
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- August 6, 2019
- SEC CIK
- 0001788514
Offering terms
From the amendment filed January 11, 2024.
- Security
- Common Stock
- Price
- $1.75
- Target
- $10,001
- Maximum
- $1,225,000
- Deadline
- March 15, 2024
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed July 5, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $233,804 | $66,970 | sec.gov |
| Cost of goods sold | $25,809 | $103,468 | sec.gov |
| Net income | $-982,936 | $-974,526 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $744,708 | $892,398 | sec.gov |
| Cash | $1,908 | $33,845 | sec.gov |
| Accounts receivable | $0 | $900 | sec.gov |
| Short-term debt | $1,791,360 | $462,518 | sec.gov |
| Long-term debt | $1,676,282 | $1,766,767 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 5, 2024 | Progress update | $10,001 | $1,225,000 | March 15, 2024 | End of offering. Issuer closed its offering with estimated gross proceeds of $181,274. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| January 11, 2024 | Amendment | $10,001 | $1,225,000 | March 15, 2024 | issuer extended the offering deadline. | sec.gov |
| December 15, 2023 | Amendment | $10,001 | $1,225,000 | January 12, 2024 | updated first image in introduction section | sec.gov |
| November 17, 2023 | Amendment | $10,001 | $1,225,000 | January 12, 2024 | updated images in introduction section of offering page. | sec.gov |
| November 13, 2023 | Offering | $10,001 | $1,225,000 | January 12, 2024 | sec.gov |
Updated July 5, 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.