Data / Crowdfunding / Georgia / MilTec Platform, Inc.
MilTec Platform, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2017)
MilTec Platform, Inc., a corporation in Duluth, GA, filed a Form C with the SEC on May 2, 2017 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on October 23, 2017. In its most recent fiscal year it reported $90,745 in revenue and a net loss of $2,175,109, with 58 employees.
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- Website
- www.vodi.io
- Funding portal
- Wefunder Portal LLC
- Address
- 3805 Crestwood Parkway Suite 350, Duluth, GA 30096
- Legal form
- Corporation
- Jurisdiction
- GA
- Incorporated
- June 5, 2014
- SEC CIK
- 0001699477
Offering terms
From the amendment filed May 2, 2017.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- October 23, 2017
- Portal compensation
- 4.0% of the offering amount upon a successful fundraise.
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $90,745 | $12,792 | sec.gov |
| Cost of goods sold | $180,748 | $12,588 | sec.gov |
| Net income | $-2,175,109 | $-838,694 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $218,312 | $238,000 | sec.gov |
| Cash | $102,096 | $30,038 | sec.gov |
| Accounts receivable | $14,471 | $0 | sec.gov |
| Short-term debt | $0 | $3,335,261 | sec.gov |
| Long-term debt | $118,371 | $518,371 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2017 | Amendment | $50,000 | $1,000,000 | October 23, 2017 | Update with 2016 financial statements. Update with partial close language. Update year-end numbers. Extend deadline date. | sec.gov |
| April 12, 2017 | Offering | $50,000 | $1,000,000 | May 4, 2017 | sec.gov |
Updated April 30, 2018. 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.