Data / Crowdfunding / Texas / Gleantap, Inc.
Gleantap, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $280,000 (2020)
Gleantap, Inc., a corporation in Cedar Park, TX, filed a Form C with the SEC on October 13, 2020 to raise $50,000 to $280,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on November 12, 2020. In its most recent fiscal year it reported $519,023 in revenue and a net loss of $324,685, with 5 employees.
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- Website
- gleantap.com
- Funding portal
- Wefunder Portal LLC
- Address
- 101 Summer Park Bend, Cedar Park, TX 78613
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 24, 2018
- SEC CIK
- 0001787645
Offering terms
From the amendment filed October 13, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $280,000
- Deadline
- November 12, 2020
- 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-AR filed May 19, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $519,023 | $381,664 | sec.gov |
| Cost of goods sold | $163,520 | $127,014 | sec.gov |
| Net income | $-324,685 | $-153,733 | sec.gov |
| Taxes paid | $450 | $1,230 | sec.gov |
| Total assets | $42,717 | $172,977 | sec.gov |
| Cash | $30,536 | $163,458 | sec.gov |
| Accounts receivable | $9,963 | $9,518 | sec.gov |
| Short-term debt | $172,084 | $77,859 | sec.gov |
| Long-term debt | $91,307 | $253,679 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 19, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 13, 2020 | Amendment | $50,000 | $280,000 | November 12, 2020 | Adding lead investor. | sec.gov |
| July 17, 2020 | Offering | $50,000 | $280,000 | November 12, 2020 | sec.gov | |
| May 1, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 23, 2019 | Progress update | $50,000 | $1,070,000 | December 16, 2019 | $255,629 in investments. Payments still being processed; final figure not yet determined. | sec.gov |
| November 22, 2019 | Amendment | $50,000 | $1,070,000 | December 16, 2019 | Filing Amendment to add a webinar transcript as Exhibit G. | sec.gov |
| October 31, 2019 | Amendment | $50,000 | $1,070,000 | December 16, 2019 | Filing amendment to increase the Offering maximum amount and to extend the Offering deadline to December 16, 2019. | sec.gov |
| October 1, 2019 | Offering | $50,000 | $250,000 | December 9, 2019 | sec.gov |
Also on SpecStream
Updated May 19, 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.