Data / Crowdfunding / New York / Polymath Labs, Inc.
Polymath Labs, Inc.: crowdfunding raise on OpenDeal Inc., $25,000 to $1,070,000 (2018)
Polymath Labs, Inc., a corporation in New York, NY, filed a Form C with the SEC on June 18, 2018 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on December 31, 2018. In its most recent fiscal year it reported $513,821 in revenue and a net loss of $244,702, with 4 employees.
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- Website
- www.ParagonOne.com
- Funding portal
- OpenDeal Inc.
- Address
- 1412 BROADWAY, FLOOR 21 SUITE 21A22, New York, NY 10018
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 4, 2014
- SEC CIK
- 0001743482
Offering terms
From the offering filed June 18, 2018.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2018
- Portal compensation
- 6.0% of the amount raised
Financials
From the Form C-AR filed April 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $513,821 | $315,741 | sec.gov |
| Cost of goods sold | $68,318 | $53,190 | sec.gov |
| Net income | $-244,702 | $-933,279 | sec.gov |
| Taxes paid | $228 | $218 | sec.gov |
| Total assets | $57,634 | $317,660 | sec.gov |
| Cash | $38,970 | $294,451 | sec.gov |
| Accounts receivable | $0 | $1,500 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 15, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 22, 2019 | Progress update | $25,000 | $1,070,000 | December 31, 2018 | The Company's Offering sold $93,345 of the Securities on January 1, 2019, the final accounting having taken place. | sec.gov |
| January 2, 2019 | Progress update | $25,000 | $1,070,000 | December 31, 2018 | The Company's Offering sold $103,345 of the Securities on January 1, 2019, although a final accounting has not taken place. | sec.gov |
| June 18, 2018 | Offering | $25,000 | $1,070,000 | December 31, 2018 | sec.gov |
Updated March 15, 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.