POWERHANDZ Inc

POWERHANDZ Inc logo via Clearbit

Profile

According to their SEC filings, POWERHANDZ Inc is a Corporation organized in TX on 11-21-2013. They report having 4 employee(s), and revenue in their most-recent fiscal year of $577,293.13 and $791,523.30 the prior year.

Location

2633 Mckinney Ave Ste 130-255

Dallas, TX 75204

Equity Crowdfunding Campaigns

Reg CF Offering from POWERHANDZ Inc (Active)

Campaign Details

According to their SEC filings, POWERHANDZ Inc is raising $50,000.00 (up to a maximum of $107,000.00) in Preferred Stock via Wefunder with a current deadline of 04-01-2019.

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

5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

In addition to any direct compensation, POWERHANDZ Inc reports that Wefunder will also receive the following financial interest in the offering:

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

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 $577,293.13 $791,523.30
Cost of Goods Sold $200,534.49 $366,702.59
Taxes Paid $0.00 $0.00
Net Income $263,154.86 $212,410.86

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $118,191.65 $225,651.10
Accounts Receivable $43,264.73 $82,104.38
Short-term Debt $484,729.38 $387,080.67
Long-term Debt $380,000.00 $369,000.00

Complete Reg CF filings list for POWERHANDZ Inc

  • [2019-02-06T17:02:45+00:00] POWERHANDZ Inc filed an amended Form C (Form C/A) regarding their offering to raise a target of $50,000.00 via Wefunder. The nature of the amendment was described as follows:

    Update deadline date; Add work history detail for Jeff Smith; Add detail to Use of funds; Fix pre-money valuation

    File number: 020-24565

  • New Filing Form C

    [2018-08-06T21:25:38+00:00] POWERHANDZ Inc filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $107,000.00) of Preferred Stock via Wefunder.

    File number: 020-24565