Data / Crowdfunding / California / Polycade Inc.
Polycade Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2021)
Polycade Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on October 8, 2021 to raise $25,000 to $1,070,000 in debt through SI SECURITIES, LLC. The offering closed on December 29, 2021. In its most recent fiscal year it reported $631,200 in revenue and a net loss of $973,894, with 4 employees.
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- Website
- polycade.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 2411 GATEWOOD ST SUITE 108, Los Angeles, CA 90031
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 3, 2015
- SEC CIK
- 0001844955
Offering terms
From the offering filed October 8, 2021.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 29, 2021
- Portal compensation
- 7.5% of the amount raised.
Financials
From the Form C-AR filed May 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $631,200 | $388,262 | sec.gov |
| Cost of goods sold | $597,349 | $477,803 | sec.gov |
| Net income | $-973,894 | $-1,015,911 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $708,130 | $580,231 | sec.gov |
| Cash | $658,405 | $482,783 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $84,143 | $357,510 | sec.gov |
| Long-term debt | $112,247 | $184,677 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 11, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| December 17, 2021 | Progress update | $25,000 | $1,070,000 | December 29, 2021 | The issuer raised approximately $197,474.50 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| October 8, 2021 | Offering | $25,000 | $1,070,000 | December 29, 2021 | sec.gov |
Updated May 11, 2022. 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.