Data / Crowdfunding / Wisconsin / Rowheels, Inc.
Rowheels, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,001 to $1,069,999 (2020)
Rowheels, Inc., a corporation in Middleton, WI, filed a Form C with the SEC on July 17, 2020 to raise $50,001 to $1,069,999 in preferred stock through Wefunder Portal LLC. The offering closed on September 18, 2020. In its most recent fiscal year it reported $136,966 in revenue and a net loss of $1,438,524, with 6 employees.
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- Funding portal
- Wefunder Portal LLC
- Address
- 8001 Terrace Avenue Ste#204, Middleton, WI 53562
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 24, 2012
- SEC CIK
- 0001557803
Offering terms
From the offering filed July 17, 2020.
- Security
- Preferred Stock
- Price
- $7.00
- Target
- $50,001
- Maximum
- $1,069,999
- Deadline
- September 18, 2020
- Portal compensation
- 7.5% 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 filed July 17, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $136,966 | $54,000 | sec.gov |
| Cost of goods sold | $67,403 | $5,000 | sec.gov |
| Net income | $-1,438,524 | $-952,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $520,437 | $1,059,389 | sec.gov |
| Cash | $32,942 | $151,523 | sec.gov |
| Accounts receivable | $15,068 | $7,308 | sec.gov |
| Short-term debt | $2,672,432 | $2,055,547 | sec.gov |
| Long-term debt | $500,000 | $125,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 17, 2020 | Offering | $50,001 | $1,069,999 | September 18, 2020 | sec.gov |
Updated July 17, 2020. 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.