Data / Crowdfunding / California / NowRx, Inc.
NowRx, Inc.: crowdfunding raise on SI SECURITIES, LLC, $100,000 to $1,000,000 (2017)
NowRx, Inc., a corporation in Mountain View, CA, filed a Form C with the SEC on April 4, 2017 to raise $100,000 to $1,000,000 in debt through SI SECURITIES, LLC. The offering closed on June 2, 2017. In its most recent fiscal year it reported $2,497,667 in revenue and a net loss of $1,092,881, with 16 employees.
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- Website
- www.nowrx.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 2224 OLD MIDDLEFIELD WAY, Mountain View, CA 94043
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 19, 2015
- SEC CIK
- 0001702206
Offering terms
From the offering filed April 4, 2017.
- Security
- Debt
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- June 2, 2017
- Portal compensation
- SI Securities, LLC will receive a 7.5% cash commission and 5% convertible note commission on all sales trough the broker-dealer (e.g., $7,500 cash and $5,000 convertible note on a raise of $100,000)
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,497,667 | $668,695 | sec.gov |
| Cost of goods sold | $2,162,965 | $573,791 | sec.gov |
| Net income | $-1,092,881 | $-662,535 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $752,343 | $459,485 | sec.gov |
| Cash | $52,212 | $175,519 | sec.gov |
| Accounts receivable | $269,788 | $128,552 | sec.gov |
| Short-term debt | $307,102 | $210,910 | sec.gov |
| Long-term debt | $2,374,463 | $1,117,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| June 9, 2017 | Progress update | $100,000 | $1,000,000 | June 2, 2017 | $199,975 is our best estimate for the total amount of securities that will be sold. | sec.gov |
| April 4, 2017 | Offering | $100,000 | $1,000,000 | June 2, 2017 | sec.gov |
Updated April 26, 2019. 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.