Data / Crowdfunding / Texas / Portalarium, Inc.
Portalarium, Inc.: crowdfunding raise on SeedInvest, LLC, $25,000 to $1,000,000 (2017)
Portalarium, Inc., a corporation in Austin, TX, filed a Form C with the SEC on June 6, 2017 to raise $25,000 to $1,000,000 in preferred stock through SeedInvest, LLC. The offering closed on August 7, 2017. In its most recent fiscal year it reported $0 in revenue and a net loss of $3,496,371, with 32 employees.
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- Website
- www.shroudoftheavatar.com
- Funding portal
- SeedInvest, LLC
- Address
- 3410 FAR WEST BLVD SUITE 275, Austin, TX 78731
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 24, 2009
- SEC CIK
- 0001522456
Offering terms
From the amendment filed June 6, 2017.
- Security
- Preferred Stock
- Price
- $1.23
- Target
- $25,000
- Maximum
- $1,000,000
- Deadline
- August 7, 2017
- Portal compensation
- 7.5%
Financials
From the Form C-AR filed April 30, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-3,496,371 | $-3,048,110 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,167,219 | $646,123 | sec.gov |
| Cash | $1,117,309 | $618,794 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $14,594,032 | $11,402,303 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| August 14, 2017 | Progress update | $25,000 | $1,000,000 | August 7, 2017 | The Issuer raised approximately $628,609.53 during the offering period. Payments are still being processed; final amount is yet to be determined. | sec.gov |
| June 6, 2017 | Amendment | $25,000 | $1,000,000 | August 7, 2017 | Amending the Form C to update the campaign end date (no investments have yet been accepted), and to correct a typo in the Financial Discussion Section. | sec.gov |
| May 31, 2017 | Offering | $25,000 | $1,000,000 | July 31, 2017 | sec.gov |
Updated April 30, 2018. 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.