Data / Crowdfunding / California / POUNDWISHES INC.
POUNDWISHES INC.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $107,000 (2018)
POUNDWISHES INC., a corporation in Seal Beach, CA, filed a Form C with the SEC on June 5, 2018 to raise $10,000 to $107,000 in common stock through StartEngine Capital, LLC. The offering closed on August 10, 2018. In its most recent fiscal year it reported $964,160 in revenue and a net loss of $435,898, with 9 employees.
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- Website
- poundwishes.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 909 ELECTRIC AVENUE SUITE 209, Seal Beach, CA 90740
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- February 9, 2015
- SEC CIK
- 0001667516
Offering terms
From the amendment filed June 5, 2018.
- Security
- Common Stock
- Price
- $2.00
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- August 10, 2018
- Portal compensation
- 6 percent
Financials
From the Form C-U filed August 15, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $964,160 | $463,307 | sec.gov |
| Cost of goods sold | $837,310 | $407,613 | sec.gov |
| Net income | $-435,898 | $-389,902 | sec.gov |
| Taxes paid | $916 | $0 | sec.gov |
| Total assets | $513,509 | $371,600 | sec.gov |
| Cash | $74,132 | $23,444 | sec.gov |
| Accounts receivable | $296 | $0 | sec.gov |
| Short-term debt | $466,061 | $238,253 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 15, 2018 | Progress update | $10,000 | $107,000 | August 10, 2018 | At the close of the offering, the amount closed on is $25,000 and 12,625 number of securities sold, final amount subject to change pending final receipt of committed investments. | sec.gov |
| June 5, 2018 | Amendment | $10,000 | $107,000 | August 10, 2018 | The issuer is xxtending the end date of the offering. | sec.gov |
| March 13, 2018 | Amendment | $10,000 | $107,000 | June 11, 2018 | Updating offering document before company goes live. | sec.gov |
| March 13, 2018 | Offering | $10,000 | $107,000 | June 11, 2018 | sec.gov |
Also on SpecStream
Updated August 15, 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.