Data / Crowdfunding / Michigan / RG Resource Technologies, Inc.
RG Resource Technologies, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2022)
RG Resource Technologies, Inc., a corporation in Oxford, MI, filed a Form C with the SEC on April 26, 2022 to raise $50,000 to $1,070,000 in common stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $26,753 in revenue and a net loss of $1,128,415, with 6 employees.
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- Website
- PowerPanel.com
- Funding portal
- Wefunder Portal LLC
- Address
- 581 S. Coats Road, Oxford, MI 48371
- Legal form
- Corporation
- Jurisdiction
- MI
- Incorporated
- November 1, 2016
- SEC CIK
- 0001848931
Offering terms
From the amendment filed April 26, 2022.
- Security
- Common Stock
- Price
- $100.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2023
- Portal compensation
- 6.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed May 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,753 | $71,846 | sec.gov |
| Cost of goods sold | $92,239 | $36,495 | sec.gov |
| Net income | $-1,128,415 | $-744,092 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,201,491 | $579,461 | sec.gov |
| Cash | $423,199 | $21,450 | sec.gov |
| Accounts receivable | $0 | $17,361 | sec.gov |
| Short-term debt | $3,786,880 | $3,316,223 | sec.gov |
| Long-term debt | $1,279,788 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2022 | Amendment | $50,000 | $1,070,000 | April 30, 2023 | C/A - adding 2021 financials and adjusting projections | sec.gov |
| May 14, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov |
Also on SpecStream
Updated May 1, 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.