Data / Crowdfunding / New York / PlayChannel Inc.
PlayChannel Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
PlayChannel Inc., a corporation in Glen Cove, NY, filed a Form C with the SEC on May 27, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 24, 2021. In its most recent fiscal year it reported $2,178,008 in revenue and $2,095 in net income, with 1 employees.
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- Website
- www.playtowingames.net
- Funding portal
- OpenDeal Portal LLC
- Address
- 5 BREWSTER ST., #508, Glen Cove, NY 11542
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 28, 2019
- SEC CIK
- 0001844637
Offering terms
From the offering filed May 27, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 24, 2021
- Portal compensation
- 6% of aggregate amount raised.
Financials
From the Form C-U filed September 27, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,178,008 | $22 | sec.gov |
| Cost of goods sold | $1,341,449 | $22,960 | sec.gov |
| Net income | $2,095 | $-114,444 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $904,627 | $481,341 | sec.gov |
| Cash | $202,943 | $89,260 | sec.gov |
| Accounts receivable | $151,369 | $0 | sec.gov |
| Short-term debt | $21,970 | $25,779 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 27, 2021 | Progress update | $25,000 | $1,070,000 | September 24, 2021 | The Offering closed successfully on 9/25/2021, having received investment commitments of $126,233.00, although a final accounting has not taken place. | sec.gov |
| May 27, 2021 | Offering | $25,000 | $1,070,000 | September 24, 2021 | sec.gov |
Updated September 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.