Data / Crowdfunding / New Jersey / Taxdrop Inc.
Taxdrop Inc.: crowdfunding raise on OpenDeal Inc., $50,000 to $1,070,000 (2017)
Taxdrop Inc., a corporation in Robbinsville, NJ, filed a Form C with the SEC on August 25, 2017 to raise $50,000 to $1,070,000 in Series 2017A SAFE (Simple Agreement for Future Equity) through OpenDeal Inc.. The offering closed on October 31, 2017. In its most recent fiscal year it reported $373 in revenue and a net loss of $62,601.
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- Website
- taxdropapp.com
- Funding portal
- OpenDeal Inc.
- Address
- 6 WYCKLOW DRIVE, Robbinsville, NJ 08691
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 17, 2017
- SEC CIK
- 0001712565
Offering terms
From the offering filed August 25, 2017.
- Security
- Series 2017A SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- October 31, 2017
- Portal compensation
- 5.0% of the amount raised
Financials
From the Form C-AR filed May 1, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $373 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-62,601 | $-32,827 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $15,582 | $4,903 | sec.gov |
| Cash | $14,005 | $2,275 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 11, 2018 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| November 13, 2017 | Progress update | $50,000 | $1,070,000 | October 31, 2017 | The Issuer raised approximately $70,250.00 during the offering period, which ended on October 31, 2017, at 11:59pm PT. Payments are still being processed. The exact amount is yet to be determined. | sec.gov |
| August 25, 2017 | Offering | $50,000 | $1,070,000 | October 31, 2017 | sec.gov |
Updated May 11, 2018. 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.