Powell Development Group, Inc.

Powell Development Group, Inc. logo via Clearbit

Profile

According to their SEC filings, Powell Development Group, Inc. is a Corporation organized in NV on 03-20-2013. They report having 5 employee(s), and revenue in their most-recent fiscal year of $5,002.21 and $374.74 the prior year.

Location

2600 W. 225th Street

Torrance, CA 90505

Equity Crowdfunding Campaigns

Reg CF Offering from Powell Development Group, Inc. (Previous)

Campaign Details

According to their SEC filings, Powell Development Group, Inc. previously ran a Regulation Crowdfunding campaign to raise $25,000.00 (up to a maximum of $100,000.00) in SAFE via Wefunder before a deadline of 05-01-2017.

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, Powell Development Group, Inc. reported that Wefunder would also receive the following financial interest in the offering:

No

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 $5,002.21 $374.74
Cost of Goods Sold $11,955.29 $847.85
Taxes Paid $0.00 $0.00
Net Income $-42,971.47 $-32,290.61

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $17,677.98 $65,496.13
Accounts Receivable $0.00 $0.00
Short-term Debt $0.00 $300.94
Long-term Debt $278.33 $2,247.80

Complete Reg CF filings list for Powell Development Group, Inc.

  • [2017-04-28T17:16:29+00:00] Powell Development Group, Inc. filed an amended Form C (Form C/A) regarding their offering to raise a target of $25,000.00 via Wefunder. The nature of the amendment was described as follows:

    Changed deadline date to May 1, and updated business plan.

    File number: 020-23082

  • New Filing Form C

    [2016-11-21T15:26:50+00:00] Powell Development Group, Inc. filed a Form C to raise a target amount of $25,000.00 (up to a maximum of $100,000.00) of SAFE via Wefunder.

    File number: 020-23082