Data / Crowdfunding / California / Paw Power, Inc.
Paw Power, Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,000,000 (2021)
Paw Power, Inc., a corporation in Venice, CA, filed a Form C with the SEC on April 27, 2021 to raise $100,000 to $1,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $216,707 in revenue and a net loss of $412,148, with 3 employees.
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- Website
- www.happybond.com
- Funding portal
- Wefunder Portal LLC
- Address
- 682 Westminster Avenue, Venice, CA 90291
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 31, 2017
- SEC CIK
- 0001833101
Offering terms
From the amendment filed April 27, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed April 27, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $216,707 | $93,923 | sec.gov |
| Cost of goods sold | $119,608 | $58,247 | sec.gov |
| Net income | $-412,148 | $-247,122 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $334,603 | $309,098 | sec.gov |
| Cash | $88,020 | $38,274 | sec.gov |
| Accounts receivable | $9,858 | $7,165 | sec.gov |
| Short-term debt | $452,623 | $33,969 | sec.gov |
| Long-term debt | $340,000 | $320,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2021 | Amendment | $100,000 | $1,000,000 | April 30, 2022 | Adding 2020 CPA-reviewed GAAP financials and extending offering. | sec.gov |
| March 8, 2021 | Amendment | $100,000 | $1,000,000 | April 30, 2021 | Changing lead investor. | sec.gov |
| January 22, 2021 | Offering | $100,000 | $1,000,000 | April 30, 2021 | sec.gov |
Updated April 27, 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.