20/20 Genesystems Inc.

06/05/2024 | Press release | Distributed by Public on 06/05/2024 10:18

Offering Statement under Regulation A - Form C

FORM C UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL


FORM C

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Form C: Filer Information

Filer CIK:
0001139685
Filer CCC:
XXXXXXXX
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Submission Contact Information

Name:
Phone Number:
Contact E-Mail Address:
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Form C: Issuer Information

Issuer Information

Name of Issuer:
20/20 GeneSystems, Inc.


Legal Status of Issuer:

Form:
Corporation


Jurisdiction of Incorporation/Organization:
DELAWARE


Date of Incorporation/Organization:
05-01-2000


Physical Address of Issuer:

Address 1:
15810 Gaither Road, Suite 235


City:
Gaithersburg


State/Country:
MARYLAND


Mailing Zip/Postal Code:
2087


Website of Issuer:
https://2020gene.com


Intermediary through which the Offering will be Conducted:
CIK:
0001670254


Company Name:
Wefunder Portal LLC


Commission File Number:
007-00033


CRD Number:
283503


Form C: Offering Information

Offering Information

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:
7.9% 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.


Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:
No


Type of Security Offered:
Preferred Stock


Specify:


Target Number of Securities to be Offered:
9364


Price:
5.34000


Price (or Method for Determining Price):
Dividing pre-money valuation $69,859,423.30 by number of shares outstanding on fully diluted basis.


Target Offering Amount:
50000.00


Maximum Offering Amount (if different from Target Offering Amount):
5000000.00


Oversubscriptions Accepted: Yes No
If yes, disclose how oversubscriptions will be allocated:
Other


Provide a description:
As determined by the issuer


Deadline to reach the Target Offering Amount:
04-30-2025


NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:
20


Total Assets Most Recent Fiscal Year-end:
6367828.00


Total Assets Prior Fiscal Year-end:
12215021.00


Cash and Cash Equivalents Most Recent Fiscal Year-end:
4089461.00


Cash and Cash Equivalents Prior Fiscal Year-end:
8807575.00


Accounts Receivable Most Recent Fiscal Year-end:
68834.00


Accounts Receivable Prior Fiscal Year-end:
764924.00


Short-term Debt Most Recent Fiscal Year-end:
1011623.00


Short-term Debt Prior Fiscal Year-end:
1630171.00


Long-term Debt Most Recent Fiscal Year-end:
1068713.00


Long-term Debt Prior Fiscal Year-end:
1210584.00


Revenue/Sales Most Recent Fiscal Year-end:
1424304.00


Revenue/Sales Prior Fiscal Year-end:
11059145.00


Cost of Goods Sold Most Recent Fiscal Year-end:
1315166.00


Cost of Goods Sold Prior Fiscal Year-end:
5937398.00


Taxes Paid Most Recent Fiscal Year-end:
0.00


Taxes Paid Prior Fiscal Year-end:
0.00


Net Income Most Recent Fiscal Year-end:
-6391309.00


Net Income Prior Fiscal Year-end:
2186875.00


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ALABAMA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ALASKA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ARIZONA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ARKANSAS


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
CALIFORNIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
COLORADO


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
CONNECTICUT


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
DELAWARE


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
DISTRICT OF COLUMBIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
FLORIDA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
GEORGIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
HAWAII


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
IDAHO


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
ILLINOIS


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
INDIANA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
IOWA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
KANSAS


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
KENTUCKY


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
LOUISIANA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
MAINE


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
MARYLAND


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
MASSACHUSETTS


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
MICHIGAN


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
MINNESOTA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
MISSISSIPPI


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MISSOURI


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MONTANA


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NEBRASKA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NEVADA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NEW HAMPSHIRE


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NEW JERSEY


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NEW MEXICO


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NEW YORK


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NORTH CAROLINA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NORTH DAKOTA


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OHIO


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OKLAHOMA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
OREGON


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
PENNSYLVANIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
RHODE ISLAND


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
SOUTH CAROLINA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
SOUTH DAKOTA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
TENNESSEE


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TEXAS


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
UTAH


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VERMONT


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
VIRGINIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WASHINGTON


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WEST VIRGINIA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WISCONSIN


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
WYOMING


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
AMERICAN SAMOA


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
GUAM


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
PUERTO RICO


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
VIRGIN ISLANDS, U.S.


Using the list below, select the jurisdictions in which the issuer intends to offer the securities:
NORTHERN MARIANA ISLANDS


Form C: Signature

Signature

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.
Issuer:
20/20 GeneSystems, Inc.


Signature:
Jonathan Cohen


Title:
CEO


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Jonathan Cohen


Title:
CEO


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Anne Shiflett


Title:
Acting CFO


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Jiming Zhou


Title:
COO


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Ronald R Baker


Title:
Chief Business Officer


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
John W Rollins


Title:
Director


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Richard M Cohen


Title:
erector


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
Michael S. Lebowitz


Title:
Chief Scientific Officer


Date:
05-03-2024


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
JOHN G. COMPTON


Title:
Chair, Board of Directors


Date:
05-03-2024