Data / Crowdfunding / California / Pongalo Inc.
Pongalo Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,070,000 (2018)
Pongalo Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on September 14, 2018 to raise $25,000 to $1,070,000 in debt through SI SECURITIES, LLC. The offering closed on November 2, 2018. In its most recent fiscal year it reported $328,826 in revenue and a net loss of $443,778, with 5 employees.
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- Website
- www.pongalo.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 15821 VENTURA BOULEVARD SUITE 500, Los Angeles, CA 91436
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 26, 2014
- SEC CIK
- 0001658754
Offering terms
From the amendment filed September 14, 2018.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 2, 2018
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $328,826 | $836,277 | sec.gov |
| Cost of goods sold | $0 | $1,793,434 | sec.gov |
| Net income | $-443,778 | $-504,994 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $908,450 | $624,326 | sec.gov |
| Cash | $589,358 | $366,972 | sec.gov |
| Accounts receivable | $0 | $19,725 | sec.gov |
| Short-term debt | $324,329 | $53,522 | sec.gov |
| Long-term debt | $721,475 | $261,203 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 30, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| November 5, 2018 | Progress update | $25,000 | $1,070,000 | November 2, 2018 | The issuer raised approximately $350,000 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| September 14, 2018 | Amendment | $25,000 | $1,070,000 | November 2, 2018 | Investment minimum lowered to $500 from $1,000 | sec.gov |
| August 30, 2018 | Offering | $25,000 | $1,070,000 | November 2, 2018 | sec.gov |
Updated December 30, 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.