Data / Crowdfunding / Michigan / Movatic, Inc.
Movatic, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $91,000 (2019)
Movatic, Inc., a corporation in Ann Arbor, MI, filed a Form C with the SEC on March 11, 2019 to raise $10,000 to $91,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on March 12, 2019. In its most recent fiscal year it reported $123,506 in revenue and a net loss of $55,420, with 1 employees.
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- Website
- movatic.co
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 505 E LIBERTY LL 500, Ann Arbor, MI 48104
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 18, 2018
- SEC CIK
- 0001729012
Offering terms
From the amendment filed March 11, 2019.
- Security
- Common Stock
- Price
- $2.50
- Target
- $10,000
- Maximum
- $91,000
- Deadline
- March 12, 2019
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed April 22, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $123,506 | $152,544 | sec.gov |
| Cost of goods sold | $146,424 | $47,677 | sec.gov |
| Net income | $-55,420 | $9,789 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $-1,893 | $8,546 | sec.gov |
| Cash | $-11,593 | $8,546 | sec.gov |
| Accounts receivable | $9,700 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $50,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| March 11, 2019 | Amendment | $10,000 | $91,000 | March 12, 2019 | issuer added information about key people. | sec.gov |
| December 12, 2018 | Offering | $10,000 | $91,000 | March 12, 2019 | sec.gov | |
| May 14, 2018 | Progress update | $10,000 | $107,000 | May 8, 2018 | End of offering. Issuer raised an estimated $15,856. | sec.gov |
| April 20, 2018 | Amendment | $10,000 | $107,000 | May 8, 2018 | Issuer extended offering deadline. | sec.gov |
| January 31, 2018 | Amendment | $10,000 | $107,000 | April 23, 2018 | Update to offering statement questions number 3 and 29 | sec.gov |
| January 23, 2018 | Offering | $10,000 | $107,000 | April 23, 2018 | sec.gov |
Updated April 22, 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.