Data / Crowdfunding / Georgia / Qoins Technologies, Inc.
Qoins Technologies, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Qoins Technologies, Inc., a corporation in Atlanta, GA, filed a Form C with the SEC on October 21, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 25, 2022. In its most recent fiscal year it reported $264,884 in revenue and a net loss of $1,275,782, with 3 employees.
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- Website
- www.qoins.io
- Funding portal
- OpenDeal Portal LLC
- Address
- 151 TED TURNER DRIVE NW, Atlanta, GA 30303
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 4, 2017
- SEC CIK
- 0001755224
Offering terms
From the offering filed October 21, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- February 25, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 1, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $264,884 | $252,585 | sec.gov |
| Cost of goods sold | $189,027 | $343,138 | sec.gov |
| Net income | $-1,275,782 | $-245,402 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $180,636 | $1,114,210 | sec.gov |
| Cash | $67,243 | $1,114,210 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $34,409 | $144,087 | sec.gov |
| Long-term debt | $2,780 | $73,431 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 1, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| February 28, 2022 | Progress update | $25,000 | $1,070,000 | February 25, 2022 | The Offering closed successfully on 2/26/2022, having received investment commitments of $245,485.50, although a final accounting has not taken place. | sec.gov |
| October 21, 2021 | Offering | $25,000 | $1,070,000 | February 25, 2022 | sec.gov |
Updated April 1, 2022. 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.