Data / Crowdfunding / Florida / NeXtGen Biologics, INC
NeXtGen Biologics, INC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $5,000,000 (2022)
NeXtGen Biologics, INC, a corporation in Alachua, FL, filed a Form C with the SEC on September 2, 2022 to raise $25,000 to $5,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 28, 2023. In its most recent fiscal year it reported $183,813 in revenue and a net loss of $1,710,186, with 10 employees.
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- Website
- www.netgenbiologics.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 13800 TECH CITY CIRCLE, SUITE 200 BOX 11, Alachua, FL 32615
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 31, 2023
- SEC CIK
- 0001620524
Offering terms
From the offering filed September 2, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- February 28, 2023
- 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/A filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $183,813 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,710,186 | $-2,538,610 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,969,512 | $1,926,991 | sec.gov |
| Cash | $488,381 | $247,959 | sec.gov |
| Accounts receivable | $134,213 | $0 | sec.gov |
| Short-term debt | $1,189,767 | $10,323,083 | sec.gov |
| Long-term debt | $9,960,240 | $3,165,969 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 3, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| March 10, 2023 | Progress update | $25,000 | $5,000,000 | February 28, 2023 | The Offering closed successfully on 3/1/2023, having received investment commitments of $238,610, although a final accounting has not taken place. | sec.gov |
| September 2, 2022 | Offering | $25,000 | $5,000,000 | February 28, 2023 | sec.gov |
Also on SpecStream
Updated April 29, 2024. 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.