Data / Crowdfunding / Arizona / New Use Energy Solutions, Inc.
New Use Energy Solutions, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2022)
New Use Energy Solutions, Inc., a corporation in Tempe, AZ, filed a Form C with the SEC on March 4, 2022 to raise $9,999 to $1,069,999 in Series Seed-3 Preferred Stock through StartEngine Capital, LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $82,095 in revenue and a net loss of $5,928, with 10 employees.
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- Website
- www.newuseenergy.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 941 S. PARK LANE, Tempe, AZ 85281
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 8, 2019
- SEC CIK
- 0001854841
Offering terms
From the amendment filed March 4, 2022.
- Security
- Series Seed-3 Preferred Stock
- Price
- $1.55
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- April 30, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $82,095 | $0 | sec.gov |
| Cost of goods sold | $58,809 | $0 | sec.gov |
| Net income | $-5,928 | $-15 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $13,522 | $2,431 | sec.gov |
| Cash | $12,386 | $2,431 | sec.gov |
| Accounts receivable | $1,136 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Progress update | $9,999 | $1,069,999 | April 30, 2022 | At the close of the offering, the issuer closed on $140,941.19 and 98,188 securities. | sec.gov |
| March 4, 2022 | Amendment | $9,999 | $1,069,999 | April 30, 2022 | Issuer is raising maximum funding goal. | sec.gov |
| February 17, 2022 | Offering | $9,999 | $106,998 | April 30, 2022 | sec.gov |
Updated May 2, 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.