Data / Crowdfunding / New York / Quadrant Biosciences Inc
Quadrant Biosciences Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2020)
Quadrant Biosciences Inc, a corporation in Syracuse, NY, filed a Form C with the SEC on October 8, 2020 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on February 21, 2021. In its most recent fiscal year it reported $36,395,155 in revenue and a net loss of $2,444,757, with 126 employees.
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- Website
- quadrantbiosciences.com
- Funding portal
- Wefunder Portal LLC
- Address
- 505 IRVING AVENUE SUITE 3100 A-B, Syracuse, NY 13210
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 13, 2015
- SEC CIK
- 0001651239
Offering terms
From the amendment filed October 8, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- February 21, 2021
- Portal compensation
- 3% of the offering amount upon a successful fundraise.
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $36,395,155 | $60,519,179 | sec.gov |
| Cost of goods sold | $14,340,093 | $33,466,238 | sec.gov |
| Net income | $-2,444,757 | $12,247,807 | sec.gov |
| Taxes paid | $57,859 | $159,290 | sec.gov |
| Total assets | $36,301,229 | $38,227,705 | sec.gov |
| Cash | $13,882,387 | $8,116,233 | sec.gov |
| Accounts receivable | $1,411,933 | $13,651,979 | sec.gov |
| Short-term debt | $8,833,130 | $7,393,024 | sec.gov |
| Long-term debt | $1,900,436 | $7,016,522 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2021 | Progress update | $50,000 | $1,070,000 | February 21, 2021 | The Company sold $416,628 in convertible notes. | sec.gov |
| October 8, 2020 | Amendment | $50,000 | $1,070,000 | February 21, 2021 | Update the disclosure with subsequent information | sec.gov |
| August 25, 2020 | Offering | $50,000 | $1,070,000 | February 21, 2021 | sec.gov |
Also on SpecStream
Updated April 28, 2023. 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.