Data / Crowdfunding / California / MedAnswers
MedAnswers: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2017)
MedAnswers, a corporation in San Pedro, CA, filed a Form C with the SEC on September 26, 2017 to raise $10,000 to $1,070,000 in common stock through StartEngine Capital, LLC. The offering closed on January 24, 2018. In its most recent fiscal year it reported $77 in revenue and a net loss of $904,171, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- WWW.MEDANSWERS.COM
- Funding portal
- StartEngine Capital, LLC
- Address
- 222 WEST 6TH STREET, San Pedro, CA 90731
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 6, 2012
- SEC CIK
- 0001712508
Offering terms
From the amendment filed September 26, 2017.
- Security
- Common Stock
- Price
- $2.50
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- January 24, 2018
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $77 | $10,000 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-904,171 | $-171,880 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $163,551 | $273,019 | sec.gov |
| Cash | $5,554 | $1,500 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $199,193 | $39,552 | sec.gov |
| Long-term debt | $526,259 | $352,199 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 8, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 25, 2018 | Progress update | $10,000 | $1,070,000 | January 24, 2018 | At the close of the offering, the amount closed on is $145,702.50 and 58,281 number of securities sold, final amount subject to change pending final receipt of committed investments. | sec.gov |
| September 26, 2017 | Amendment | $10,000 | $1,070,000 | January 24, 2018 | Issuer has extended the end date of their offering and adjusted the maximum funding goal to $1,070,000. | sec.gov |
| July 27, 2017 | Offering | $10,000 | $107,000 | September 25, 2017 | sec.gov |
Updated May 8, 2019. 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.