Data / Crowdfunding / New York / Stojo Products, Inc.
Stojo Products, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Stojo Products, Inc., a corporation in Brooklyn, NY, filed a Form C with the SEC on January 28, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 15, 2021. In its most recent fiscal year it reported $7,836,402 in revenue and a net loss of $621,037, with 4 employees.
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- Website
- stojo.co
- Funding portal
- OpenDeal Portal LLC
- Address
- 41 FLATBUSH AVENUE FL 1, PMB 588, Brooklyn, NY 11217
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 22, 2018
- SEC CIK
- 0001821320
Offering terms
From the amendment filed January 28, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 15, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the intermediary.
Financials
From the Form C-AR filed December 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $7,836,402 | $5,578,504 | sec.gov |
| Cost of goods sold | $5,448,533 | $3,358,610 | sec.gov |
| Net income | $-621,037 | $-1,172,473 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,651,828 | $2,871,070 | sec.gov |
| Cash | $470,489 | $450,557 | sec.gov |
| Accounts receivable | $850,894 | $489,214 | sec.gov |
| Short-term debt | $2,705,414 | $3,444,126 | sec.gov |
| Long-term debt | $190,672 | $736,024 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 28, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| December 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 19, 2021 | Progress update | $25,000 | $1,070,000 | April 15, 2021 | The Offering closed successfully on April 16, 2021, having received investment commitments of $507,405, although a final accounting has not taken place. | sec.gov |
| January 28, 2021 | Amendment | $25,000 | $1,070,000 | April 15, 2021 | The form C filed by the Company on 10/5/20, is hereby amended and superseded in its entirety, to provide new information with respect to 1) the threat of a potential litigation that has been settled, and 2) extending the campaign deadline to 4/15/21. | sec.gov |
| October 5, 2020 | Offering | $25,000 | $1,070,000 | February 5, 2021 | sec.gov |
Updated December 28, 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.