Data / Crowdfunding / Texas / BRAKES TO GO, INC.
BRAKES TO GO, INC.: crowdfunding raise on StartEngine Capital, LLC, $9,997 to $4,999,986 (2022)
BRAKES TO GO, INC., a corporation in Austin, TX, filed a Form C with the SEC on February 9, 2022 to raise $9,997 to $4,999,986 in common stock through StartEngine Capital, LLC. The offering closed on April 12, 2022. In its most recent fiscal year it reported $3,122,044 in revenue and a net loss of $233,396, with 13 employees.
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- Website
- brakestogo.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 5214 BURLESON ROAD, SUITE 209 SUITE 209, Austin, TX 78744
- Legal form
- Corporation
- Jurisdiction
- NV
- Incorporated
- April 6, 2021
- SEC CIK
- 0001784785
Offering terms
From the amendment filed February 9, 2022.
- Security
- Common Stock
- Price
- $2.93
- Target
- $9,997
- Maximum
- $4,999,986
- Deadline
- April 12, 2022
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR filed August 19, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,122,044 | $2,819,367 | sec.gov |
| Cost of goods sold | $1,632,385 | $1,570,066 | sec.gov |
| Net income | $-233,396 | $-358,995 | sec.gov |
| Taxes paid | $10,887 | $13,061 | sec.gov |
| Total assets | $993,000 | $1,011,476 | sec.gov |
| Cash | $47,598 | $134,423 | sec.gov |
| Accounts receivable | $23,295 | $11,631 | sec.gov |
| Short-term debt | $342,789 | $218,932 | sec.gov |
| Long-term debt | $2,477,056 | $2,320,441 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 20, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| August 19, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 14, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2022 | Progress update | $9,997 | $4,999,986 | April 12, 2022 | At the close of the offering, the issuer closed on $214,231.00 and 76,010 number of securities. | sec.gov |
| February 9, 2022 | Amendment | $9,997 | $4,999,986 | April 12, 2022 | Issuer is extending campaign | sec.gov |
| December 13, 2021 | Amendment | $9,997 | $4,999,986 | February 11, 2022 | Issuer is extending campaign for 60 days | sec.gov |
| August 25, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 15, 2021 | Offering | $9,997 | $4,999,986 | December 13, 2021 | sec.gov | |
| August 26, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 12, 2019 | Progress update | $50,000 | $1,070,000 | December 9, 2019 | $427,883 in investments. Payments still being processed; final number not yet determined. | sec.gov |
| October 21, 2019 | Amendment | $50,000 | $1,070,000 | December 9, 2019 | Extending offering deadline to December 9, 2019. | sec.gov |
| October 10, 2019 | Amendment | $50,000 | $1,070,000 | October 28, 2019 | Filing amendment to add webinar transcript as Exhibit G. | sec.gov |
| August 27, 2019 | Offering | $50,000 | $1,070,000 | October 28, 2019 | sec.gov |
Updated August 20, 2024. 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.