Geostellar, Inc.

Geostellar, Inc. logo via Clearbit

Profile

According to their SEC filings, Geostellar, Inc. is a Corporation organized in DE on 02-22-2010. They report having 25 employee(s), and revenue in their most-recent fiscal year of $3,401,010.00 and $2,473,773.00 the prior year.

Location

224 WEST KING STREET

MARTINSBURG, WV 25401

Equity Crowdfunding Campaigns

Reg CF Offering from Geostellar, Inc. (Previous)

Campaign Details

According to their SEC filings, Geostellar, Inc. previously ran a Regulation Crowdfunding campaign to raise $50,000.00 (up to a maximum of $1,070,000.00) in Crowd Safes (Simple Agreements for Future Equity) via Republic before a deadline of 10-10-2017.

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

5.0% of the amount raised in the Offering

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

2.0% of the Securities being issued in the Offering

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

The Issuer raised approximately $323,000 during the offering period. Payments are still being processed. The exact amount is yet to be determined.

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 $3,401,010.00 $2,473,773.00
Cost of Goods Sold $3,326,278.00 $2,335,264.00
Taxes Paid $0.00 $0.00
Net Income $-5,778,487.00 $-3,581,413.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $51,694.00 $13,312.00
Accounts Receivable $26,689.00 $663,551.00
Short-term Debt $2,461,871.00 $3,958,209.00
Long-term Debt $3,751,831.00 $848,219.00

Complete Reg CF filings list for Geostellar, Inc.

  • [2017-10-11T08:24:55+00:00] Geostellar, Inc. filed a fundraising progress report (Form C-U) with the following update: "The Issuer raised approximately $323,000 during the offering period. Payments are still being processed. The exact amount is yet to be determined."

    File number: 020-23529

  • [2017-10-06T17:55:38+00:00] Geostellar, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Republic. The nature of the amendment was described as follows:

    The Issuer is amending their Form C by adding the following documents: (i) an addendum explaining the Issuer's financial situation; and (ii) an amended offering page.

    File number: 020-23529

  • [2017-08-16T11:20:47+00:00] Geostellar, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Republic. The nature of the amendment was described as follows:

    Offering page included to the Issuer's initial Form C filing updated to incorporate (i) minor formatting and grammatical edits, and (ii) the Issuer's current progress in meeting the Target Offering Amount.

    File number: 020-23529

  • [2017-08-14T16:59:05+00:00] Geostellar, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Republic. The nature of the amendment was described as follows:

    Insertion of missing page inadvertently excluded from Form C filing.

    File number: 020-23529

  • New Filing Form C

    [2017-08-11T17:01:17+00:00] Geostellar, Inc. filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $1,070,000.00) of Crowd Safes (Simple Agreements for Future Equity) via Republic.

    File number: 020-23529