Data / Crowdfunding / California / Redrock Biometrics, Inc.
Redrock Biometrics, Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $5,000,000 (2021)
Redrock Biometrics, Inc., a corporation in San Francisco, CA, filed a Form C with the SEC on November 26, 2021 to raise $25,000 to $5,000,000 in preferred stock through SI SECURITIES, LLC. The offering closed on March 19, 2022. In its most recent fiscal year it reported $462,400 in revenue and a net loss of $256,464, with 6 employees.
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- Website
- redrockbiometrics.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 7 RED ROCK WAY, San Francisco, CA 94131
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 20, 2015
- SEC CIK
- 0001882590
Offering terms
From the offering filed November 26, 2021.
- Security
- Preferred Stock
- Price
- $2.25
- Target
- $25,000
- Maximum
- $5,000,000
- Deadline
- March 19, 2022
- Portal compensation
- 7.5% of the amount raised.
Financials
From the Form C-AR filed April 26, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $462,400 | $296,250 | sec.gov |
| Cost of goods sold | $26,553 | $0 | sec.gov |
| Net income | $-256,464 | $-1,025,897 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $68,268 | $108,595 | sec.gov |
| Cash | $57,647 | $80,905 | sec.gov |
| Accounts receivable | $9,905 | $26,975 | sec.gov |
| Short-term debt | $2,353,546 | $1,729,406 | sec.gov |
| Long-term debt | $100,000 | $475,184 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 8, 2022 | Progress update | $25,000 | $5,000,000 | March 19, 2022 | The issuer raised approximately $482,238.56 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| November 26, 2021 | Offering | $25,000 | $5,000,000 | March 19, 2022 | sec.gov |
Updated April 26, 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.