Data / Crowdfunding / Texas / MyndVR Inc.
MyndVR Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
MyndVR Inc., a corporation in Flower Mound, TX, filed a Form C with the SEC on April 21, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 23, 2021. In its most recent fiscal year it reported $255,109 in revenue and a net loss of $897,433, with 8 employees.
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- Website
- www.myndvr.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3616 LEANNE DRIVE, Flower Mound, TX 75022
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 5, 2016
- SEC CIK
- 0001830742
Offering terms
From the amendment filed April 21, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 23, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $255,109 | $139,781 | sec.gov |
| Cost of goods sold | $77,881 | $58,271 | sec.gov |
| Net income | $-897,433 | $-703,321 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $184,749 | $555,097 | sec.gov |
| Cash | $145,902 | $513,335 | sec.gov |
| Accounts receivable | $27,022 | $39,762 | sec.gov |
| Short-term debt | $175,163 | $147,662 | sec.gov |
| Long-term debt | $975,972 | $726,388 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2021 | Progress update | $25,000 | $1,070,000 | April 23, 2021 | The Offering closed successfully on April 24, 2021, having received investment commitments of $167,321, although a final accounting has not taken place. | sec.gov |
| April 21, 2021 | Amendment | $25,000 | $1,070,000 | April 23, 2021 | This Amendment is to make the following changes: (i) correcting the Company's date of organization and some typos; (ii) updating the Officers Section; and (iii) updating the Previous Securities Offerings Section | sec.gov |
| January 4, 2021 | Offering | $25,000 | $1,070,000 | April 23, 2021 | sec.gov |
Updated April 30, 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.