Data / Crowdfunding / New York / Status Money Inc.
Status Money Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2019)
Status Money Inc., a corporation in New York, NY, filed a Form C with the SEC on October 31, 2019 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on January 30, 2020. In its most recent fiscal year it reported $274,006 in revenue and a net loss of $2,943,361, with 5 employees.
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- Website
- statusmoney.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 79 MADISON AVE. SUITE 930, New York, NY 10016
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 4, 2016
- SEC CIK
- 0001785943
Offering terms
From the amendment filed October 31, 2019.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- January 30, 2020
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $274,006 | $549,399 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-2,943,361 | $-2,909,355 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,196,462 | $1,932,982 | sec.gov |
| Cash | $2,178,886 | $578,732 | sec.gov |
| Accounts receivable | $10,000 | $10,000 | sec.gov |
| Short-term debt | $10,717,509 | $6,519,668 | sec.gov |
| Long-term debt | $5,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 24, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| January 31, 2020 | Progress update | $25,000 | $1,070,000 | January 30, 2020 | The Offering closed successfully on 01/30/2020, having received investment commitments of $420,945, although a final accounting has not taken place. | sec.gov |
| October 31, 2019 | Amendment | $25,000 | $1,070,000 | January 30, 2020 | The maximum offering amount is hereby amended to $1,070,000. | sec.gov |
| October 1, 2019 | Offering | $25,000 | $250,000 | January 30, 2020 | sec.gov |
Updated May 24, 2021. 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.