Data / Crowdfunding / Maine / Ocean Renewable Power Company, Inc.
Ocean Renewable Power Company, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,010 to $1,069,992 (2019)
Ocean Renewable Power Company, Inc., a corporation in Portland, ME, filed a Form C with the SEC on July 19, 2019 to raise $10,010 to $1,069,992 in common stock through NetCapital Funding Portal Inc.. The offering closed on July 25, 2019. In its most recent fiscal year it reported $2,211,603 in revenue and a net loss of $4,453,843, with 27 employees.
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- Website
- www.orpc.co
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 254 COMMERCIAL ST SUITE 119B, Portland, ME 04101
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 5, 2017
- SEC CIK
- 0001703538
Offering terms
From the amendment filed July 19, 2019.
- Security
- Common Stock
- Price
- $22.00
- Target
- $10,010
- Maximum
- $1,069,992
- Deadline
- July 25, 2019
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-AR filed April 30, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,211,603 | $2,747,533 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-4,453,843 | $-2,423,926 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $4,628,985 | $4,512,300 | sec.gov |
| Cash | $2,707,875 | $2,058,191 | sec.gov |
| Accounts receivable | $300,319 | $408,776 | sec.gov |
| Short-term debt | $1,286,332 | $1,450,499 | sec.gov |
| Long-term debt | $4,709,229 | $4,749,162 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 6, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| July 30, 2019 | Progress update | $10,010 | $1,069,992 | July 25, 2019 | End of offering. Issuer closed its offering with estimated gross proceeds of $109,758. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| July 19, 2019 | Amendment | $10,010 | $1,069,992 | July 25, 2019 | issuer anticipated offering deadline. | sec.gov |
| July 18, 2019 | Amendment | $10,010 | $1,069,992 | August 13, 2019 | issuer anticipated offering deadline. | sec.gov |
| July 18, 2019 | Amendment | $10,010 | $1,069,992 | August 13, 2019 | issuer anticipated offering deadline. | sec.gov |
| July 10, 2019 | Amendment | $10,010 | $1,069,992 | August 13, 2019 | issuer updated pitch deck. | sec.gov |
| April 29, 2019 | Amendment | $10,010 | $1,069,992 | June 14, 2019 | issuer updated financial statements and funding history. | sec.gov |
| March 21, 2019 | Amendment | $10,010 | $1,069,992 | June 14, 2019 | issuer updated key people. | sec.gov |
| March 19, 2019 | Amendment | $10,010 | $1,069,992 | June 14, 2019 | issuer updated pitch deck. | sec.gov |
| March 14, 2019 | Offering | $10,010 | $1,069,992 | June 14, 2019 | sec.gov |
Updated April 6, 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.