Data / Crowdfunding / California / REUZEit, Inc.
REUZEit, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,235,000 (2022)
REUZEit, Inc., a corporation in Temecula, CA, filed a Form C with the SEC on November 17, 2022 to raise $10,000 to $1,235,000 in common stock through StartEngine Capital, LLC. The offering closed on February 15, 2023. In its most recent fiscal year it reported $7,801,733 in revenue and a net loss of $384,847, with 27 employees.
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- Website
- www.reuzeit.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 28381 Vincent Moraga Dr., Temecula, CA 92590
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- October 13, 2020
- SEC CIK
- 0001949602
Offering terms
From the offering filed November 17, 2022.
- Security
- Common Stock
- Price
- $0.80
- Target
- $10,000
- Maximum
- $1,235,000
- Deadline
- February 15, 2023
- Portal compensation
- Up to 9% percent
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $7,801,733 | $6,420,789 | sec.gov |
| Cost of goods sold | $2,981,614 | $3,296,877 | sec.gov |
| Net income | $-384,847 | $-278,668 | sec.gov |
| Taxes paid | $641 | $32,620 | sec.gov |
| Total assets | $3,592,235 | $2,164,354 | sec.gov |
| Cash | $327,379 | $378,941 | sec.gov |
| Accounts receivable | $1,990,824 | $713,164 | sec.gov |
| Short-term debt | $1,767,175 | $1,367,104 | sec.gov |
| Long-term debt | $1,529,687 | $261,034 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| February 17, 2023 | Progress update | $10,000 | $1,235,000 | February 15, 2023 | At the close of the offering, the issuer closed on $159,676.32 and 246,198 number of securities. | sec.gov |
| November 17, 2022 | Offering | $10,000 | $1,235,000 | February 15, 2023 | sec.gov |
Updated May 1, 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.