Data / Crowdfunding / California / Promo Drone Inc.
Promo Drone Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,997 to $1,069,996 (2021)
Promo Drone Inc., a corporation in San Diego, CA, filed a Form C with the SEC on November 2, 2021 to raise $9,997 to $1,069,996 in common stock through StartEngine Capital, LLC. The offering closed on November 9, 2021. In its most recent fiscal year it reported $3,526 in revenue and a net loss of $47,913, with 1 employees.
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- Website
- www.promo-drone.co
- Funding portal
- StartEngine Capital, LLC
- Address
- 5732 MICHAEL ST., San Diego, CA 92105
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 20, 2016
- SEC CIK
- 0001881157
Offering terms
From the amendment filed November 2, 2021.
- Security
- Common Stock
- Price
- $4.19
- Target
- $9,997
- Maximum
- $1,069,996
- Deadline
- November 9, 2021
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed April 26, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,526 | $13,600 | sec.gov |
| Cost of goods sold | $0 | $5,701 | sec.gov |
| Net income | $-47,913 | $-32,383 | sec.gov |
| Taxes paid | $800 | $2,022 | sec.gov |
| Total assets | $28,904 | $8,766 | sec.gov |
| Cash | $22,614 | $6,274 | sec.gov |
| Accounts receivable | $3,799 | $0 | sec.gov |
| Short-term debt | $5,300 | $5,300 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 12, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 26, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 6, 2022 | Progress update | $9,997 | $1,069,996 | November 9, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $33,227.43 and 8,609 number of securities. | sec.gov |
| July 15, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 12, 2021 | Progress update | $9,997 | $1,069,996 | November 9, 2021 | At the close of the offering, the issuer closed on $33,483.29 and 8673 number of securities. | sec.gov |
| November 2, 2021 | Amendment | $9,997 | $1,069,996 | November 9, 2021 | Issuer is changing campaign end date | sec.gov |
| September 1, 2021 | Offering | $9,997 | $1,069,996 | March 1, 2022 | sec.gov |
Updated April 12, 2024. 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.