Data / Crowdfunding / New York / VERDANT POWER, INC.
VERDANT POWER, INC.: crowdfunding raise on NetCapital Funding Portal Inc., $10,003 to $1,069,950 (2018)
VERDANT POWER, INC., a corporation in New York, NY, filed a Form C with the SEC on July 27, 2018 to raise $10,003 to $1,069,950 in common stock through NetCapital Funding Portal Inc.. The offering closed on August 7, 2018. In its most recent fiscal year it reported $1,558,933 in revenue and a net loss of $952,422, with 8 employees.
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- Website
- www.verdantpower.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 698 MAIN STREET, New York, NY 10044
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 28, 2006
- SEC CIK
- 0001489004
Offering terms
From the amendment filed July 27, 2018.
- Security
- Common Stock
- Price
- $7.00
- Target
- $10,003
- Maximum
- $1,069,950
- Deadline
- August 7, 2018
- Portal compensation
- Up to 4.9% of amount raised for a successful offering
Financials
From the Form C-AR filed July 7, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,558,933 | $671,463 | sec.gov |
| Cost of goods sold | $1,215,506 | $730,863 | sec.gov |
| Net income | $-952,422 | $-1,314,918 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,487,280 | $671,351 | sec.gov |
| Cash | $562,754 | $432,118 | sec.gov |
| Accounts receivable | $1,010 | $1,849 | sec.gov |
| Short-term debt | $1,128,932 | $1,538,896 | sec.gov |
| Long-term debt | $0 | $21,772 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 7, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| August 16, 2018 | Progress update | $10,003 | $1,069,950 | August 7, 2018 | End of offering. Issuer raised an estimated $45,150. | sec.gov |
| July 27, 2018 | Amendment | $10,003 | $1,069,950 | August 7, 2018 | Issuer extended offering deadline. | sec.gov |
| July 5, 2018 | Amendment | $10,003 | $1,069,950 | July 31, 2018 | Issuer extended offering deadline. | sec.gov |
| May 30, 2018 | Amendment | $10,003 | $1,069,950 | July 12, 2018 | Issuer extended offering deadline. | sec.gov |
| March 15, 2018 | Amendment | $10,003 | $1,069,950 | June 12, 2018 | Issuer extended offering deadline | sec.gov |
| February 28, 2018 | Offering | $9,996 | $1,069,950 | May 29, 2018 | sec.gov |
Updated July 7, 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.