Data / Crowdfunding / Florida / GEOTOLL, INC.
GEOTOLL, INC.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2021)
GEOTOLL, INC., a company in Cooper City, FL, filed a Form C with the SEC on March 10, 2021 to raise $50,000 to $250,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $290,822 in revenue and a net loss of $1,512,828, with 4 employees.
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- Website
- geotoll.com
- Funding portal
- Wefunder Portal LLC
- Address
- 8963 STIRLING ROAD SUITE 8, Cooper City, FL 33328
- Legal form
- Other
- Jurisdiction
- FL
- Incorporated
- January 5, 2012
- SEC CIK
- 0001831275
Offering terms
From the amendment filed March 10, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- April 30, 2021
- Portal compensation
- 7.5% 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.
Financials
From the Form C/A filed March 10, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $290,822 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-1,512,828 | $-1,020,713 | sec.gov |
| Taxes paid | $210 | $0 | sec.gov |
| Total assets | $27,053 | $75,205 | sec.gov |
| Cash | $26,781 | $73,307 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $760 | $175,000 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 10, 2021 | Amendment | $50,000 | $250,000 | April 30, 2021 | Extended campaign deadline | sec.gov |
| February 12, 2021 | Amendment | $50,000 | $250,000 | April 1, 2021 | Updated financial statements risk | sec.gov |
| December 8, 2020 | Amendment | $50,000 | $250,000 | April 1, 2021 | Lowered the valuation cap and added a director | sec.gov |
| November 17, 2020 | Offering | $50,000 | $250,000 | March 18, 2021 | sec.gov |
Updated March 10, 2021. 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.