Data / Crowdfunding / Missouri / Mycroft AI Inc.
Mycroft AI Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $4,999,999 (2021)
Mycroft AI Inc., a corporation in Kansas City, MO, filed a Form C with the SEC on December 3, 2021 to raise $9,999 to $4,999,999 in Series Seed-2 Non-Voting Preferred Stock through StartEngine Capital, LLC. The offering closed on December 31, 2021. In its most recent fiscal year it reported $97,850 in revenue and a net loss of $1,250,806, with 11 employees.
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- Website
- mycroft.ai
- Funding portal
- StartEngine Capital, LLC
- Address
- 300 E 39TH #20, Kansas City, MO 64111
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 29, 2016
- SEC CIK
- 0001685404
Offering terms
From the amendment filed December 3, 2021.
- Security
- Series Seed-2 Non-Voting Preferred Stock
- Price
- $1.70
- Target
- $9,999
- Maximum
- $4,999,999
- Deadline
- December 31, 2021
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed April 29, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $97,850 | $52,565 | sec.gov |
| Cost of goods sold | $55,893 | $47,236 | sec.gov |
| Net income | $-1,250,806 | $-1,369,532 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,971,771 | $1,605,537 | sec.gov |
| Cash | $79,932 | $227,005 | sec.gov |
| Accounts receivable | $0 | $8,000 | sec.gov |
| Short-term debt | $2,147,776 | $962,158 | sec.gov |
| Long-term debt | $2,458,558 | $2,384,537 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| January 5, 2022 | Progress update | $9,999 | $4,999,999 | December 31, 2021 | At the close of the offering, the issuer closed on $366,968.80 and 229,578 number of securities. | sec.gov |
| December 3, 2021 | Amendment | $9,999 | $4,999,999 | December 31, 2021 | The issuer is closing the offering early on 12/31/2021. | sec.gov |
| October 13, 2021 | Amendment | $9,999 | $4,999,999 | January 18, 2022 | Offering memo was missing page 55 so it's been added. | sec.gov |
| July 23, 2021 | Amendment | $9,999 | $4,999,999 | January 18, 2022 | Updating Principal Securities Holders | sec.gov |
| July 22, 2021 | Offering | $9,999 | $4,999,999 | January 18, 2022 | sec.gov | |
| June 7, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 3, 2019 | Progress update | $10,000 | $1,069,998 | March 15, 2019 | Adjustment to the initial Form C-U filing of 09/18/2019. At the close of the offering, the issuer closed on $1,069,116.87 and 683,418 number of securities. | sec.gov |
| September 18, 2019 | Progress update | $10,000 | $1,069,998 | March 15, 2019 | At the close of the offering, the issuer closed on $1,069,116.87 and 683,418 number of securities. | sec.gov |
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| March 21, 2019 | Progress update | $10,000 | $1,069,998 | March 15, 2019 | At the close of the offering, the issuer closed on $1,069,759.57 and 683,828 number of securities. | sec.gov |
| January 14, 2019 | Amendment | $10,000 | $1,069,998 | March 15, 2019 | Campaign extension and notice of concurrent offering. | sec.gov |
| November 13, 2018 | Amendment | $10,000 | $1,069,998 | January 14, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| October 29, 2018 | Amendment | $10,000 | $1,069,998 | November 13, 2018 | Notice of additional financing round. | sec.gov |
| September 12, 2018 | Amendment | $10,000 | $1,069,998 | November 13, 2018 | The issuer is extending their campaign. | sec.gov |
| June 11, 2018 | Offering | $10,000 | $1,069,998 | September 12, 2018 | sec.gov |
Updated April 29, 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.