Data / Crowdfunding / New Jersey / Maingear, Inc.
Maingear, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,003 to $1,069,999 (2018)
Maingear, Inc., a corporation in Kenilworth, NJ, filed a Form C with the SEC on July 31, 2018 to raise $10,003 to $1,069,999 in common stock through NetCapital Funding Portal Inc.. The offering closed on August 31, 2018. In its most recent fiscal year it reported $8,559,424 in revenue and $53,113 in net income, with 22 employees.
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- Website
- maingear.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 206 MARKET ST, Kenilworth, NJ 07033
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 12, 2002
- SEC CIK
- 0001722382
Offering terms
From the amendment filed July 31, 2018.
- Security
- Common Stock
- Price
- $3.50
- Target
- $10,003
- Maximum
- $1,069,999
- Deadline
- August 31, 2018
- Portal compensation
- Up to 4.9% of amount raised for a successful offering
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $8,559,424 | $8,129,550 | sec.gov |
| Cost of goods sold | $6,936,116 | $6,783,599 | sec.gov |
| Net income | $53,113 | $-111,271 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,595,256 | $1,525,379 | sec.gov |
| Cash | $413,968 | $233,841 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,170,502 | $1,847,088 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 28, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| September 10, 2018 | Progress update | $10,003 | $1,070,000 | August 31, 2018 | End of offering. Issuer raised an estimated $346,157. | sec.gov |
| July 31, 2018 | Amendment | $10,003 | $1,069,999 | August 31, 2018 | Issuer extended offering deadline. | sec.gov |
| June 28, 2018 | Amendment | $10,003 | $1,069,999 | July 31, 2018 | Issuer extended offering deadline. | sec.gov |
| May 22, 2018 | Amendment | $10,003 | $1,069,999 | July 5, 2018 | Issuer updated Annual Report Disclosure data to conform with reviewed financial statements | sec.gov |
| April 30, 2018 | Amendment | $10,003 | $1,069,999 | July 5, 2018 | Minor updates to offering page. | sec.gov |
| March 30, 2018 | Offering | $10,003 | $1,069,999 | July 5, 2018 | sec.gov |
Updated October 28, 2020. 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.