Capital Goods

Gravity Power, LLC

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, Gravity Power, LLC is a Limited Liability Company organized in CA on 11-17-2008. They report having 3 employees, and revenue in their most recent fiscal year of $369,180 and $0 the prior year.

Description:
Gravity Power, privately-held company developing novel grid-scale energy storage system for global commercialization called the Gravity Power Module Energy.
Website:
www.gravitypower.net
Location:
5735B Hollister Avenue
Suite B
Goleta, CA 93117

Equity Crowdfunding Campaigns

Active Offering

Gravity Power, LLC is currently raising a target of $10,000 (and up to $106,998) of "Membership Units" via NetCapital before a deadline of 02-08-2019.

Intermediary compensation

According to the SEC filings, NetCapital will be directly compensated as follows for this offering:

"Up to 4.9% of amount raised for a successful offering"

In addition to any direct compensation, Gravity Power, LLC reports that NetCapital will also receive the following financial interest in the offering:

"None."

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 from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $369,180 $0 N/A
Cost of Goods Sold $0 $0 N/A
Taxes Paid $0 $0 N/A
Net Income -$252,672 -$403,408 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $176,423 $191,095 -7.7%
Cash & Cash Equivalents $7,037 $9,687 -27.4%
Accounts Receivable $0 $0 N/A
Short-Term Debt $0 $0 N/A
Long-Term Debt $1,415,563 $1,326,363 6.7%

Complete Reg CF filing activity feed

  • New Offering Form C

    [ Nov-8 ] Gravity Power, LLC filed SEC Form C to raise a target amount of $10,000 (up to a maximum of $106,998) of Membership Units via NetCapital before a deadline of 02-08-2019.

    Description:

    "Gravity Power, privately-held company developing novel grid-scale energy storage system for global commercialization called the Gravity Power Module Energy."