Commonwealth Income & Growth Fund VII, LP (the “Partnership”) is a Pennsylvania limited partnership that was formed on November 14, 2008. Its General Partner is Commonwealth Income & Growth Fund Inc., (the “General Partner”), a Pennsylvania corporation which is an indirect wholly owned subsidiary of Commonwealth Capital Corp. (“CCC”), and is responsible for managing the affairs of the Partnership on a day-to-day basis pursuant to the partnership agreement. The General Partner is also responsible for identifying and making investments on behalf of the Partnership. The offering of limited partnership interests, registered pursuant to a registration statement on Form S-1, was declared effective by the Securities and Exchange Commission on November 13, 2009 (the “Effective Date”). As of the Effective Date, the Partnership received an initial capital contribution of $1,000 from its General Partner. The offering was described in detail in the prospectus constituting a part of such registration statement. The offering was a best-efforts, minimum/maximum offering, with a minimum requirement of $1,150,000 and a maximum offering of $50,000,000. All proceeds were held in escrow pending the receipt of the minimum amount. The Partnership reached the minimum amount in escrow and commenced operations on March 31, 2010. The Partnership utilized the offering proceeds to purchase and lease information technology, telecommunications, medical technology and other similar types of equipment. The offering terminated on November 22, 2011 with 1,572,900 units sold for a total of approximately $31,432,000 in limited partner contributions. Partnership's term of existence will expire on December 31, 2021, though the Partnership may be terminated and dissolved at an earlier or later date.
Company profile
Ticker
CIGF7
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
4 Apr 24
NT 10-K
Notice of late annual filing
29 Mar 24
UPLOAD
Letter from SEC
12 Dec 23
8-K/A
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
5 Dec 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
28 Nov 23
UPLOAD
Letter from SEC
28 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
10-Q
2023 Q1
Quarterly report
11 Oct 23
10-K
2022 FY
Annual report
22 Sep 23
Latest ownership filings
No filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | ||||||
Cash burn (monthly) | (no burn) | (no burn) | 21.19 k | (no burn) | 4.72 k | (no burn) |
Cash used (since last report) | n/a | n/a | 267.70 k | n/a | 59.65 k | n/a |
Cash remaining | n/a | n/a | -267.70 k | n/a | -59.65 k | n/a |
Runway (months of cash) | n/a | n/a | -12.6 | n/a | -12.6 | n/a |