Discotech, Inc.

Discotech, Inc. logo via Clearbit

Profile

According to their SEC filings, Discotech, Inc. is a Corporation organized in CA on 10-07-2013. They report having 5 employee(s), and revenue in their most-recent fiscal year of $116,730.00 and $35,596.00 the prior year.

Location

928 N Western Avenue PH7

Los Angeles, CA 90029

Equity Crowdfunding Campaigns

Reg CF Offering from Discotech, Inc. (Previous)

Campaign Details

According to their SEC filings, Discotech, Inc. previously ran a Regulation Crowdfunding campaign to raise $100,000.00 (up to a maximum of $1,000,000.00) in SAFE via Wefunder before a deadline of 11-03-2016.

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

3.0% of the offering amount upon a successful fundraise.

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

No

Discotech, Inc. filed the following progress report with the SEC at the end of their campaign:

$127,938 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 10-17-16.

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 $116,730.00 $35,596.00
Cost of Goods Sold $16,163.00 $7,548.00
Taxes Paid $0.00 $0.00
Net Income $-83,890.00 $-78,722.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $66,031.00 $200,425.00
Accounts Receivable $30,156.00 $3,473.00
Short-term Debt $991.00 $3,595.00
Long-term Debt $430,138.00 $405,988.00

Complete Reg CF filings list for Discotech, Inc.

  • [2016-11-03T15:24:38+00:00] Discotech, Inc. filed a fundraising progress report (Form C-U) with the following update: "$127,938 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 10-17-16."

    File number: 020-22966

  • [2016-10-11T17:58:47+00:00] Discotech, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $100,000.00 via Wefunder. The nature of the amendment was described as follows:

    Update deadline date, include video transcripts and updated business plan.

    File number: 020-22966

  • New Filing Form C

    [2016-08-10T11:04:36+00:00] Discotech, Inc. filed a Form C to raise a target amount of $100,000.00 (up to a maximum of $1,000,000.00) of SAFE via Wefunder.

    File number: 020-22966