Data / Crowdfunding / ToneStone, Inc
ToneStone, Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
ToneStone, Inc, a company, filed a Form C with the SEC on April 27, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 1, 2022. In its most recent fiscal year it reported $100,000 in revenue and a net loss of $480,571.
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- Website
- tonestone.com
- Funding portal
- OpenDeal Portal LLC
- SEC CIK
- 0001901875
Offering terms
From the amendment filed April 27, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- August 1, 2022
- 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-U filed August 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $100,000 | $0 | sec.gov |
| Cost of goods sold | $34,382 | $0 | sec.gov |
| Net income | $-480,571 | $-55,157 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,608,064 | $1,173,636 | sec.gov |
| Cash | $480,630 | $261,058 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $9,972 | $59,409 | sec.gov |
| Long-term debt | $3,138,000 | $1,176,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 30, 2022 | Withdrawal | Not listed | Not listed | sec.gov | ||
| August 2, 2022 | Progress update | $25,000 | $1,070,000 | August 1, 2022 | The Offering closed successfully on 8/2/2022, having received investment commitments of $80,123.00, although a final accounting has not taken place. | sec.gov |
| April 27, 2022 | Amendment | $25,000 | $1,070,000 | August 1, 2022 | This material amendment is filed to (i) extend the Offering Deadline; (ii) update the Exhibit A- Financial Statements with reviewed financials for the year ended December 31, 2021; and (iii) update the Capitalization, Debt and Ownership section. | sec.gov |
| March 31, 2022 | Offering | $25,000 | $1,070,000 | April 29, 2022 | sec.gov |
Updated August 30, 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.