Data / Crowdfunding / Colorado / My Trail Company, PBC
My Trail Company, PBC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $400,000 (2018)
My Trail Company, PBC, a corporation in Boulder, CO, filed a Form C with the SEC on November 15, 2018 to raise $50,000 to $400,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 19, 2019. In its most recent fiscal year it reported $944,077 in revenue and a net loss of $374,640, with 6 employees.
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- Website
- mytrailco.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1418 Pearl Street, Boulder, CO 80302
- Legal form
- Corporation
- Jurisdiction
- CO
- Incorporated
- April 9, 2015
- SEC CIK
- 0001674386
Offering terms
From the offering filed November 15, 2018.
- Security
- Preferred Stock
- Price
- $5.00
- Target
- $50,000
- Maximum
- $400,000
- Deadline
- April 19, 2019
- Portal compensation
- 5.0% 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 filed November 15, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $944,077 | $281,707 | sec.gov |
| Cost of goods sold | $-511,355 | $147,725 | sec.gov |
| Net income | $-374,640 | $-287,317 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,288,685 | $614,554 | sec.gov |
| Cash | $39,482 | $37,737 | sec.gov |
| Accounts receivable | $2,572 | $0 | sec.gov |
| Short-term debt | $156,598 | $66,843 | sec.gov |
| Long-term debt | $782,202 | $119,118 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 15, 2018 | Offering | $50,000 | $400,000 | April 19, 2019 | sec.gov | |
| September 4, 2018 | Progress update | $50,000 | $230,000 | August 31, 2018 | The final number is $88,495.00 in investments. | sec.gov |
| May 17, 2018 | Amendment | $50,000 | $230,000 | May 17, 2018 | Updated financial information, past rounds, oustanding stock, cash on hand, use of funds, and board members. | sec.gov |
| May 2, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| December 26, 2017 | Amendment | $50,000 | $230,000 | April 30, 2018 | Geoff OKeefe and Tom Vogl are no longer on the board of directors ; extended campaign ; updated business plan | sec.gov |
| June 28, 2017 | Offering | $50,000 | $230,000 | December 25, 2017 | sec.gov | |
| May 8, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| November 10, 2016 | Offering | $50,000 | $300,000 | May 12, 2017 | sec.gov | |
| November 3, 2016 | Progress update | $50,000 | $1,000,000 | November 3, 2016 | The final number is $189,675.00 in investments. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 09-15-16. | sec.gov |
| September 23, 2016 | Progress update | $50,000 | $1,000,000 | September 23, 2016 | $197,676 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 09-15-16. | sec.gov |
| September 14, 2016 | Amendment | $50,000 | $1,000,000 | September 15, 2016 | Changed deadline date to September 15th, updated amount raised in concurrent Colorado DPO, include video transcriptions, and updated business plan. | sec.gov |
| May 18, 2016 | Offering | $50,000 | $1,000,000 | November 14, 2016 | sec.gov |
Updated November 15, 2018. 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.