Data / Crowdfunding / California / P5 Systems, Inc.
P5 Systems, Inc.: crowdfunding raise on Equifund Crowd Funding Portal Inc., $25,000 to $1,070,000 (2019)
P5 Systems, Inc., a corporation in Carlsbad, CA, filed a Form C with the SEC on June 7, 2019 to raise $25,000 to $1,070,000 in common stock through Equifund Crowd Funding Portal Inc.. The offering closed on September 30, 2019. In its most recent fiscal year it reported $781,758 in revenue and $83,767 in net income, with 6 employees.
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- Website
- budtrader.com
- Funding portal
- Equifund Crowd Funding Portal Inc.
- Address
- 3264 GREY HAWK COURT, Carlsbad, CA 92010
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- June 30, 2016
- SEC CIK
- 0001772369
Offering terms
From the amendment filed June 7, 2019.
- Security
- Common Stock
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 30, 2019
- Portal compensation
- Intermediary will receive 7% of the funds raised in the offering.
Financials
From the Form C/A filed June 7, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $781,758 | $1,289,879 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $83,767 | $384,959 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $617,473 | $680,757 | sec.gov |
| Cash | $32,147 | $54,464 | sec.gov |
| Accounts receivable | $18,519 | $13,836 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $149,200 | $52,198 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 7, 2019 | Amendment | $25,000 | $1,070,000 | September 30, 2019 | Corrected erroneous references to net operating losses in the Offering Statement; corrected typo in Auditor's report to reflect auditor's review of both the fiscal year 2017 and 2018 financial statements. | sec.gov |
| May 16, 2019 | Offering | $25,000 | $1,070,000 | September 30, 2019 | sec.gov |
Updated June 7, 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.