Data / Crowdfunding / Indiana / Avail Productivity Systems, Inc., d/b/a SNAPSHYFT
Avail Productivity Systems, Inc., d/b/a SNAPSHYFT: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $1,069,999 (2020)
Avail Productivity Systems, Inc., d/b/a SNAPSHYFT, a corporation in Indianapolis, IN, filed a Form C with the SEC on August 10, 2020 to raise $10,000 to $1,069,999 in common stock through NetCapital Funding Portal Inc.. The offering closed on October 9, 2020. In its most recent fiscal year it reported $360,823 in revenue and a net loss of $246,117, with 2 employees.
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- Website
- snapshyft.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 525 S Meridian St Ste 1C, Indianapolis, IN 46225
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 26, 2018
- SEC CIK
- 0001733390
Offering terms
From the amendment filed August 10, 2020.
- Security
- Common Stock
- Price
- $0.41
- Target
- $10,000
- Maximum
- $1,069,999
- Deadline
- October 9, 2020
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $5,000
Financials
From the Form C-U filed October 27, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $360,823 | $19,436 | sec.gov |
| Cost of goods sold | $276,127 | $150,578 | sec.gov |
| Net income | $-246,117 | $-195,946 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $116,530 | $24,494 | sec.gov |
| Cash | $65,685 | $19,436 | sec.gov |
| Accounts receivable | $49,650 | $1,471 | sec.gov |
| Short-term debt | $158,088 | $177,835 | sec.gov |
| Long-term debt | $150,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 27, 2020 | Progress update | $10,000 | $1,069,999 | October 9, 2020 | End of offering. Issuer closed its offering with estimated gross proceeds of $49,526. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| August 10, 2020 | Amendment | $10,000 | $1,069,999 | October 9, 2020 | issuer extended the offering date. | sec.gov |
| June 17, 2020 | Amendment | $10,000 | $1,069,999 | August 10, 2020 | issuer made changes to the offering page. | sec.gov |
| May 6, 2020 | Amendment | $10,000 | $1,069,999 | August 10, 2020 | issuer extended the offering date. | sec.gov |
| May 6, 2020 | Amendment | $10,000 | $1,069,999 | August 10, 2020 | issuer extended the offering date. | sec.gov |
| March 24, 2020 | Amendment | $10,000 | $1,069,999 | May 11, 2020 | issuer added a new tagline and up to date metrics in the deal highlights of the offering statement.issuer updated valuation metrics for the business. | sec.gov |
| March 11, 2020 | Offering | $10,000 | $1,000,000 | May 11, 2020 | sec.gov |
Updated October 27, 2020. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.