Data / Crowdfunding / California / Next Future Transportation Inc.
Next Future Transportation Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $107,000 (2017)
Next Future Transportation Inc., a corporation in San Jose, CA, filed a Form C with the SEC on October 4, 2017 to raise $10,000 to $107,000 in Simple Agreement for Future Equity (SAFE) through StartEngine Capital, LLC. The offering closed on October 18, 2017. In its most recent fiscal year it reported $567,036 in revenue and $15,735 in net income, with 6 employees.
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- Website
- www.next-future-mobility.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 246 RACE STREET, San Jose, CA 95126
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 27, 2015
- SEC CIK
- 0001704012
Offering terms
From the amendment filed October 4, 2017.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $2.00
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- October 18, 2017
- Portal compensation
- 6 percent
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $567,036 | $240,695 | sec.gov |
| Cost of goods sold | $36,733 | $518 | sec.gov |
| Net income | $15,735 | $40,041 | sec.gov |
| Taxes paid | $2,680 | $2,724 | sec.gov |
| Total assets | $449,404 | $334,933 | sec.gov |
| Cash | $310,365 | $261,893 | sec.gov |
| Accounts receivable | $10,672 | $6,123 | sec.gov |
| Short-term debt | $109,178 | $8,442 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 5, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| October 23, 2017 | Progress update | $10,000 | $107,000 | October 18, 2017 | At the close of the offering, the issuer sold $85,840 of securities. | sec.gov |
| October 4, 2017 | Amendment | $10,000 | $107,000 | October 18, 2017 | Annual Report Clarification | sec.gov |
| August 21, 2017 | Amendment | $10,000 | $107,000 | October 18, 2017 | Increasing the maximum funding goal to $107,000 and extending the offering end date. | sec.gov |
| August 1, 2017 | Amendment | $10,000 | $100,000 | August 18, 2017 | To include additional information with respect to previous tax returns. | sec.gov |
| June 29, 2017 | Amendment | $10,000 | $100,000 | August 18, 2017 | Annual Report Clarification | sec.gov |
| June 19, 2017 | Amendment | $10,000 | $100,000 | August 18, 2017 | Amendment requires five business days to reconfirm | sec.gov |
| June 19, 2017 | Amendment | $10,000 | $100,000 | August 18, 2017 | Extending the end date of the offering. | sec.gov |
| April 27, 2017 | Amendment | $10,000 | $100,000 | June 19, 2017 | Platform error when populating Form C offering document | sec.gov |
| April 20, 2017 | Offering | $10,000 | $100,000 | June 17, 2017 | sec.gov |
Updated June 5, 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.