Data / Crowdfunding / MyApps Corp.
MyApps Corp.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $359,000 (2020)
MyApps Corp., a corporation in Vancouver, filed a Form C with the SEC on August 10, 2020 to raise $25,000 to $359,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 4, 2020. In its most recent fiscal year it reported $204,513 in revenue and a net loss of $441,632, with 16 employees.
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- Website
- www.myapps.solutions
- Funding portal
- OpenDeal Portal LLC
- Address
- Unit 1930 - 1177 W Hastings St., Vancouver, V6E 2
- Legal form
- Corporation
- Jurisdiction
- FL
- Incorporated
- January 18, 2019
- SEC CIK
- 0001768717
Offering terms
From the amendment filed August 10, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $359,000
- Deadline
- September 4, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-U filed September 9, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $204,513 | $34,408 | sec.gov |
| Cost of goods sold | $258,779 | $83,771 | sec.gov |
| Net income | $-441,632 | $-53,658 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $679,499 | $232,811 | sec.gov |
| Cash | $467,685 | $11,898 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $30,983 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 22, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| September 9, 2020 | Progress update | $25,000 | $359,000 | September 4, 2020 | The Offering closed successfully on 9/5/2020, having received investment commitments of $343,408, although a final accounting has not taken place." | sec.gov |
| August 10, 2020 | Amendment | $25,000 | $359,000 | September 4, 2020 | This amendment is clarifying that the Company employs 16 employees. | sec.gov |
| June 22, 2020 | Amendment | $25,000 | $359,000 | September 4, 2020 | This Form C is hereby amended on June 22, 2020 to correct the issuer's name from Myapps Corp, Inc. to Myapps Corp. | sec.gov |
| June 11, 2020 | Offering | $25,000 | $359,000 | September 4, 2020 | sec.gov | |
| April 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| November 25, 2019 | Progress update | $10,000 | $1,070,000 | November 22, 2019 | At the close of the offering, the issuer closed on $723,387 and 769,524 number of securities. | sec.gov |
| September 20, 2019 | Amendment | $10,000 | $1,070,000 | November 22, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 25, 2019 | Amendment | $10,000 | $1,070,000 | September 23, 2019 | Adding board members, update to campaign page and extending the end date of the offering. | sec.gov |
| May 24, 2019 | Amendment | $10,000 | $1,070,000 | July 26, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| February 26, 2019 | Offering | $10,000 | $1,070,000 | May 27, 2019 | sec.gov |
Updated April 22, 2022. 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.