Data / Crowdfunding / Utah / Strengths, Inc.
Strengths, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $267,889 (2020)
Strengths, Inc., a corporation in Provo, UT, filed a Form C with the SEC on July 21, 2020 to raise $9,999 to $267,889 in Class A Common Stock through StartEngine Capital, LLC. The offering closed on October 19, 2020. In its most recent fiscal year it reported $490,404 in revenue and a net loss of $2,184,164, with 15 employees.
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- Website
- www.soar.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1806 NORTH 500 EAST, Provo, UT 48604
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 3, 2017
- SEC CIK
- 0001800456
Offering terms
From the amendment filed July 21, 2020.
- Security
- Class A Common Stock
- Price
- $0.75
- Target
- $9,999
- Maximum
- $267,889
- Deadline
- October 19, 2020
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 20, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $490,404 | $107,966 | sec.gov |
| Cost of goods sold | $267,295 | $42,992 | sec.gov |
| Net income | $-2,184,164 | $-1,513,255 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $224,106 | $153,491 | sec.gov |
| Cash | $49,739 | $61,377 | sec.gov |
| Accounts receivable | $9,650 | $0 | sec.gov |
| Short-term debt | $947,449 | $493,143 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 20, 2020 | Progress update | $9,999 | $267,889 | October 19, 2020 | At the close of the offering, the issuer closed on $267,847.50 and 378,274 number of securities. | sec.gov |
| July 21, 2020 | Amendment | $9,999 | $267,889 | October 19, 2020 | Updating with financial review and extending campaign | sec.gov |
| June 24, 2020 | Offering | $9,999 | $267,889 | September 23, 2020 | sec.gov | |
| June 23, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| June 23, 2020 | Progress update | $100,000 | $1,070,000 | April 24, 2020 | At the close of the offering, the issuer sold 446,294 of Class A Common Stock for a total amount raised of $267,110.00. | sec.gov |
| April 21, 2020 | Amendment | $100,000 | $1,070,000 | April 24, 2020 | Added information about more debt funding | sec.gov |
| January 23, 2020 | Offering | $100,000 | $1,070,000 | April 24, 2020 | sec.gov |
Also on SpecStream
Updated October 20, 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.