Data / Crowdfunding / Massachusetts / VirZoom, Inc.
VirZoom, Inc.: crowdfunding raise on DEALMAKER SECURITIES LLC, $10,000 to $4,666,670 (2024)
VirZoom, Inc., a corporation in Waltham, MA, filed a Form C with the SEC on May 23, 2024 to raise $10,000 to $4,666,670 in preferred stock through DEALMAKER SECURITIES LLC. The offering closed on December 31, 2024. In its most recent fiscal year it reported $867,152 in revenue and a net loss of $1,097,019, with 8 employees.
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- Website
- virzoom.com
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 39 STEARNS STREET UNIT 1, Waltham, MA 02453
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 13, 2015
- SEC CIK
- 0001639511
Offering terms
From the amendment filed May 23, 2024.
- Security
- Preferred Stock
- Price
- $0.58
- Target
- $10,000
- Maximum
- $4,666,670
- Deadline
- December 31, 2024
- Portal compensation
- $47,500 Activation Fees, $12,000 Monthly Subscription Fees, 8.5% Cash Fees from All Proceeds
Financials
From the Form C/A filed May 23, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $867,152 | $496,629 | sec.gov |
| Cost of goods sold | $193,480 | $174,270 | sec.gov |
| Net income | $-1,097,019 | $-1,843,836 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $87,868 | $143,337 | sec.gov |
| Cash | $42,931 | $93,243 | sec.gov |
| Accounts receivable | $12,627 | $17,975 | sec.gov |
| Short-term debt | $179,120 | $111,578 | sec.gov |
| Long-term debt | $1,453,400 | $658,400 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 23, 2024 | Amendment | $10,000 | $4,666,670 | December 31, 2024 | Correcting the offering deadline to December 31, 2024 | sec.gov |
| May 23, 2024 | Offering | $10,000 | $4,666,670 | June 5, 2024 | sec.gov | |
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| July 10, 2023 | Progress update | $9,999 | $911,955 | July 6, 2023 | At the close of the offering, the issuer closed on $142,595.24 and 319,546 number of securities. | sec.gov |
| May 19, 2023 | Amendment | $9,999 | $911,955 | July 6, 2023 | Changes were made to the Campaign Page | sec.gov |
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Amendment | $9,999 | $911,955 | July 6, 2023 | Issuer is extending their end date and updating their financials | sec.gov |
| March 16, 2023 | Offering | $9,999 | $911,955 | April 30, 2023 | sec.gov | |
| March 10, 2023 | Progress update | $100,000 | $4,497,093 | April 30, 2023 | At the close of the offering, the issuer closed on $1,410,602 and 3,409,464 number of securities. | sec.gov |
| April 4, 2022 | Amendment | $100,000 | $4,497,093 | April 30, 2023 | Adding 2021 financials and extending campaign. | sec.gov |
| November 3, 2021 | Amendment | $100,000 | $4,497,093 | April 30, 2022 | Increasing early bird allocation. | sec.gov |
| September 22, 2021 | Offering | $100,000 | $4,497,093 | April 30, 2022 | sec.gov | |
| September 20, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| September 4, 2020 | Offering | $100,000 | $535,000 | January 15, 2021 | sec.gov | |
| September 3, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 19, 2019 | Amendment | $250,000 | $600,000 | April 30, 2019 | Updated principal security holders; Updated risks; Updated use of funds and cap table; Updated Q28 to include new amount raised; Updated outstanding convertible notes; | sec.gov |
| September 20, 2018 | Offering | $250,000 | $600,000 | March 19, 2019 | sec.gov | |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| June 5, 2017 | Progress update | $499,999 | $999,999 | June 1, 2017 | End of offering | sec.gov |
| March 31, 2017 | Offering | $499,999 | $999,999 | May 15, 2017 | sec.gov |
Updated May 23, 2024. 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.