Data / Crowdfunding / Nevada / Powell Development Group Inc.
Powell Development Group Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2018)
Powell Development Group Inc., a corporation in Carson City, NV, filed a Form C with the SEC on December 10, 2018 to raise $9,999 to $1,069,999 in common stock through StartEngine Capital, LLC. The offering closed on February 12, 2019. In its most recent fiscal year it reported $24,947 in revenue and a net loss of $63,136, with 5 employees.
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- Website
- www.galacticcap.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 112 North Curry St., Carson City, NV 89703
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- March 20, 2013
- SEC CIK
- 0001701378
Offering terms
From the amendment filed December 10, 2018.
- Security
- Common Stock
- Price
- $1.12
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- February 12, 2019
- Portal compensation
- 6 percent
Financials
From the Form C-U filed July 29, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $24,947 | $23,115 | sec.gov |
| Cost of goods sold | $35,005 | $15,930 | sec.gov |
| Net income | $-63,136 | $-20,742 | sec.gov |
| Taxes paid | $-326 | $0 | sec.gov |
| Total assets | $10,230 | $38,692 | sec.gov |
| Cash | $7,266 | $35,977 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $255 | $0 | sec.gov |
| Long-term debt | $5,878 | $3,878 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 9, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| July 29, 2019 | Progress update | $9,999 | $1,069,999 | February 12, 2019 | At the close of the offering, the issuer closed on $163,741.76 and 146,864 number of securities. | sec.gov |
| April 26, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 28, 2019 | Progress update | $9,999 | $1,069,999 | February 12, 2019 | At the close of the offering, the issuer closed on $159,651.52 and 143,212 number of securities. | sec.gov |
| December 10, 2018 | Amendment | $9,999 | $1,069,999 | February 12, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| October 15, 2018 | Amendment | $9,999 | $1,069,999 | December 14, 2018 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| July 6, 2018 | Amendment | $9,999 | $1,069,999 | October 19, 2018 | The issuer is increasing their maximum funding goal and extending their offering. | sec.gov |
| June 25, 2018 | Amendment | $9,999 | $106,999 | August 20, 2018 | Extending campaign end date. | sec.gov |
| April 24, 2018 | Amendment | $9,999 | $106,999 | June 25, 2018 | Extending campaign end date and updating 2017 financials | sec.gov |
| January 9, 2018 | Amendment | $9,999 | $106,999 | April 23, 2018 | Updating end date before company goes live | sec.gov |
| January 9, 2018 | Offering | $9,999 | $106,999 | April 9, 2018 | sec.gov |
Updated March 9, 2020. 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.