Data / Crowdfunding / North Carolina / ITFT, INC.
ITFT, INC.: crowdfunding raise on StartEngine Capital, LLC, $50,000 to $1,000,000 (2017)
ITFT, INC., a corporation in Davidson, NC, filed a Form C with the SEC on April 4, 2017 to raise $50,000 to $1,000,000 in common stock through StartEngine Capital, LLC. The offering closed on April 28, 2017. In its most recent fiscal year it reported $0 in revenue and a net loss of $227,638, with 1 employees.
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- Website
- drivesoteria.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 18400 DEMBRIDGE DRIVE, Davidson, NC 28036
- Legal form
- Corporation
- Jurisdiction
- NC
- Incorporated
- June 5, 2013
- SEC CIK
- 0001690598
Offering terms
From the amendment filed April 4, 2017.
- Security
- Common Stock
- Price
- $10.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- April 28, 2017
- Portal compensation
- 5 percent
Financials
From the Form C-AR filed April 8, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-227,638 | $-488,181 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $51,722 | $489 | sec.gov |
| Cash | $51,722 | $489 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $80 | $386,326 | sec.gov |
| Long-term debt | $398,969 | $10,820 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 14, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 8, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 23, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2017 | Progress update | $50,000 | $1,000,000 | April 28, 2017 | The amount of securities sold at the close of the offering is 17,001 shares for an amount of $170,010. | sec.gov |
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| April 4, 2017 | Amendment | $50,000 | $1,000,000 | April 28, 2017 | Issuer is extending the deadline of their offering and correcting incorrectly populated CIK and CCC codes. | sec.gov |
| January 3, 2017 | Amendment | $50,000 | $1,000,000 | April 3, 2017 | Remove unnecessary signers, add CEO Matthew Godley as sole signer, change end date, and describe security offered. | sec.gov |
| December 29, 2016 | Offering | $50,000 | $1,000,000 | May 30, 2017 | sec.gov |
Updated April 14, 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.