70 Million Resources, Inc.

70 Million Resources, Inc. logo via Clearbit

Profile

According to their SEC filings, 70 Million Resources, Inc. is a Corporation organized in DE on 08-10-2016. They report having 7 employee(s), and revenue in their most-recent fiscal year of $1,606.22 and $0.00 the prior year.

Location

188 King Street

San Francisco, CA 94107

Equity Crowdfunding Campaigns

Reg CF Offering from 70Million Resources, Inc. (Previous)

Campaign Details

According to their SEC filings, 70Million Resources, Inc. previously ran a Regulation Crowdfunding campaign to raise $50,000.00 (up to a maximum of $107,000.00) in SAFE via Wefunder before a deadline of 10-05-2018.

As compensation for managing the offering, Wefunder reported being compensated as follows:

5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

In addition to any direct compensation, 70Million Resources, Inc. reported that Wefunder would also receive the following financial interest in the offering:

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $1,606.22 $0.00
Cost of Goods Sold $0.00 $0.00
Taxes Paid $0.00 $0.00
Net Income $-172,108.56 $1,226.98

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $300,668.49 $1,226.98
Accounts Receivable $0.00 $0.00
Short-term Debt $12,398.46 $0.00
Long-term Debt $-44,484.29 $0.00

Complete Reg CF filings list for 70 Million Resources, Inc.

  • [2018-04-24T14:58:00+00:00] 70 Million Resources, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Wefunder. The nature of the amendment was described as follows:

    Corrected in valuation cap of prior round, fixed typo in question 13, and updated business plan.

    File number: 020-24161

  • New Filing Form C

    [2018-04-11T20:54:04+00:00] 70 Million Resources, Inc. filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $107,000.00) of SAFE via Wefunder.

    File number: 020-24161