Data / Crowdfunding / Virginia / TOTALSOURCE SOLUTIONS INCORPORATED
TOTALSOURCE SOLUTIONS INCORPORATED: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2018)
TOTALSOURCE SOLUTIONS INCORPORATED, a corporation in Stafford, VA, filed a Form C with the SEC on December 26, 2018 to raise $10,000 to $1,070,000 in common stock through StartEngine Capital, LLC. The offering closed on February 26, 2019. In its most recent fiscal year it reported $19,912 in revenue and a net loss of $11,484, with 3 employees.
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- Website
- www.totalsource.solutions
- Funding portal
- StartEngine Capital, LLC
- Address
- 1020 John Paul Jones Drive, Stafford, VA 22554
- Legal form
- Corporation
- Jurisdiction
- VA
- Incorporated
- October 31, 2016
- SEC CIK
- 0001705406
Offering terms
From the amendment filed December 26, 2018.
- Security
- Common Stock
- Price
- $2.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- February 26, 2019
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed May 8, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $19,912 | $0 | sec.gov |
| Cost of goods sold | $21,582 | $0 | sec.gov |
| Net income | $-11,484 | $-24,630 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $40,032 | $5,553 | sec.gov |
| Cash | $6,974 | $3,690 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,422 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 8, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| February 28, 2019 | Progress update | $10,000 | $1,070,000 | February 26, 2019 | At the close of the offering, the issuer closed on $27,550 and 13,965 number of securities. | sec.gov |
| December 26, 2018 | Amendment | $10,000 | $1,070,000 | February 26, 2019 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| October 22, 2018 | Amendment | $10,000 | $1,070,000 | December 28, 2018 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| August 22, 2018 | Amendment | $10,000 | $1,070,000 | October 29, 2018 | The issuer is extending their campaign. | sec.gov |
| June 28, 2018 | Amendment | $10,000 | $1,070,000 | August 30, 2018 | The issuer is extending their campaign. | sec.gov |
| April 9, 2018 | Amendment | $10,000 | $1,070,000 | June 29, 2018 | The issuer is extending their campaign and raising their maximum funding goal. | sec.gov |
| March 27, 2018 | Amendment | $10,000 | $100,000 | April 30, 2018 | The issuer is extending their campaign | sec.gov |
| December 27, 2017 | Offering | $10,000 | $100,000 | March 27, 2018 | sec.gov |
Updated May 8, 2019. 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.