Gravity Power, LLC
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 employee(s), and revenue in their most-recent fiscal year of $369,180.00 and $0.00 the prior year.
Company Description
"Gravity Power, privately-held company developing novel grid-scale energy storage system for global commercialization called the Gravity Power Module Energy."
Website: http://www.gravitypower.net
Sector: Industrials
Industry: Electrical Equipment
Twitter: GravityPowerGPM
LinkedIn: gravity-power-llc
Location
5735B Hollister Avenue
Suite B
Goleta, CA 93117
Equity Crowdfunding Campaigns
Reg CF Offering from Gravity Power, LLC (Previous)
Campaign Details
According to their SEC filings, Gravity Power, LLC previously ran a Regulation Crowdfunding campaign to raise $10,000.36 (up to a maximum of $106,998.40) in Membership Units via NetCapital before a deadline of 02-08-2019.
As compensation for managing the offering, NetCapital reported being compensated as follows:
Up to 4.9% of amount raised for a successful offering
In addition to any direct compensation, Gravity Power, LLC reported that NetCapital would 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 directly from SEC filings.
Income Statement Items
| Most Recent Fiscal Year | Prior Fiscal Year | |
|---|---|---|
| Revenue | $369,180.00 | $0.00 |
| Cost of Goods Sold | $0.00 | $0.00 |
| Taxes Paid | $0.00 | $0.00 |
| Net Income | $-252,672.00 | $-403,408.00 |
Balance Sheet Items
| Most Recent Fiscal Year | Prior Fiscal Year | |
|---|---|---|
| Total Assets | $0.00 | $0.00 |
| Cash and Cash Equivalents | $7,037.00 | $9,687.00 |
| Accounts Receivable | $0.00 | $0.00 |
| Short-term Debt | $0.00 | $0.00 |
| Long-term Debt | $1,415,563.00 | $1,326,363.00 |
Complete Reg CF filings list for Gravity Power, LLC
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New Filing Form C
[2018-11-08T15:20:50+00:00] Gravity Power, LLC filed a Form C to raise a target amount of $10,000.36 (up to a maximum of $106,998.40) of Membership Units via NetCapital.
File number: 020-24882