Data / Crowdfunding / California / PictureTrail, Inc.
PictureTrail, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2019)
PictureTrail, Inc., a corporation in Santa Clara, CA, filed a Form C with the SEC on November 22, 2019 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on March 20, 2020. In its most recent fiscal year it reported $1,845,100 in revenue and $259,631 in net income, with 45 employees.
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- Website
- www.catalystapps.net
- Funding portal
- Wefunder Portal LLC
- Address
- 1743 Higgins Ave, Santa Clara, CA 95051
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- May 2, 2001
- SEC CIK
- 0001769561
Offering terms
From the offering filed November 22, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- March 20, 2020
- Portal compensation
- 6.0% 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 22, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,845,100 | $2,119,000 | sec.gov |
| Cost of goods sold | $1,194,500 | $1,501,700 | sec.gov |
| Net income | $259,631 | $165,800 | sec.gov |
| Taxes paid | $20,100 | $800 | sec.gov |
| Total assets | $439,600 | $160,400 | sec.gov |
| Cash | $284,600 | $152,300 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $24,300 | $5,400 | sec.gov |
| Long-term debt | $20,000 | $20,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 22, 2019 | Offering | $50,000 | $1,000,000 | March 20, 2020 | sec.gov |
Updated November 22, 2019. 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.