Data / Crowdfunding / New York / Morningside PlayCare, Inc.
Morningside PlayCare, Inc.: crowdfunding raise on NEXTSEED SECURITIES, LLC, $100,000 to $250,000 (2021)
Morningside PlayCare, Inc., a corporation in New York City, NY, filed a Form C with the SEC on August 2, 2021 to raise $100,000 to $250,000 in debt through NEXTSEED SECURITIES, LLC. The offering closed on October 4, 2021. In its most recent fiscal year it reported $247,878 in revenue and $17,636 in net income, with 10 employees.
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- Website
- morningsideplaycare.com
- Funding portal
- NEXTSEED SECURITIES, LLC
- Address
- 501 W123 STREET 18D, New York City, NY 10027
- Legal form
- Corporation
- Jurisdiction
- NY
- Incorporated
- April 15, 2015
- SEC CIK
- 0001820449
Offering terms
From the amendment filed August 2, 2021.
- Security
- Debt
- Price
- $100,000.00
- Target
- $100,000
- Maximum
- $250,000
- Deadline
- October 4, 2021
- Portal compensation
- 10% of the total Offering Amount; provided only 5% is charged on investors introduced by the issuer.
Financials
From the Form C-U filed October 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $247,878 | $169,930 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $17,636 | $-33,321 | sec.gov |
| Taxes paid | $1,000 | $0 | sec.gov |
| Total assets | $52,846 | $28,745 | sec.gov |
| Cash | $31,738 | $19,427 | sec.gov |
| Accounts receivable | $21,108 | $9,318 | sec.gov |
| Short-term debt | $33,454 | $55,072 | sec.gov |
| Long-term debt | $66,429 | $38,348 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 12, 2021 | Progress update | $100,000 | $250,000 | October 4, 2021 | Issuer raised $179,400. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| August 2, 2021 | Amendment | $100,000 | $250,000 | October 4, 2021 | Investment terms have changed to Term Note, 12% annualized interest rate, 48 month maturity period, 10-month start up period, and closing date is now October 4, 2021. | sec.gov |
| May 20, 2021 | Offering | $100,000 | $250,000 | July 30, 2021 | sec.gov | |
| April 30, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 10, 2020 | Progress update | $10,000 | $20,000 | December 15, 2020 | Issuer raised $20,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| August 20, 2020 | Offering | $10,000 | $20,000 | December 15, 2020 | sec.gov |
Updated October 12, 2021. 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.