Disclosure by Issuers
Under Title III of the JOBS Act, SEC requires a company which raises fund in a crowdfunding intermediary to disclose:

1. the name, legal status, physical address and website address of the company;
2. the names of the directors and officers and each person holding more than 20 percent of the shares of the company;
3. a description of the business of the company and the anticipated business plan of the company;
4. a description of the financial condition of the company;
5. a description of the stated purpose and intended use of the proceeds of the offering sought by the company with respect to the target offering amount;
6. the target offering amount, the deadline to reach the target offering amount and regular updates about the progress of the company in meeting the target offering amount;
7. the price to the public of the securities or the method for determining the price;
8. a description of the ownership and capital structure of the company.

Ongoing reporting by Issuers
(a) A company that has offered and sold securities in reliance on Regulation Crowdfunding and in accordance with section 4A of the Securities Act (15 U.S.C. 77d-1) and must file with the Commission and post on the company's Web site an annual report along with the financial statements of the company certified by the principal executive officer of the company to be true and complete in all material respects and a description of the financial condition of the company. If, however, a company has available financial statements that have either been reviewed or audited by a public accountant that is independent of the company, those financial statements must be provided. The annual report also must imust be filed in accordance with the requirements of Regulation Crowdfunding and the Form C and no later than 120 days after the end of the fiscal year covered by the report.

(b) A company that has offered and sold securities in reliance on Regulation Crowdfunding and in accordance with section 4A of the Securities Act (15 U.S.C. 77d-1) must continue to comply with the ongoing reporting requirements until one of the following occurs:

1. The company is required to file reports under section 13(a) or section 15(d) of the Exchange Act (15 U.S.C. 78m(a) or 78o(d));
2. The company has filed, since its most recent sale of securities pursuant to this part, at least one annual report pursuant to this section and has fewer than 300 holders of record;
3. The company has filed, since its most recent sale of securities pursuant to this part, the annual reports required pursuant to this section for at least the three most recent years and has total assets that do not exceed $10,000,000;
4. The company or another party repurchases all of the securities issued in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)), including any payment in full of debt securities or any complete redemption of redeemable securities; or
5. The company liquidates or dissolves its business in accordance with state law.