Data / Crowdfunding / New York / True Gault, Inc.
True Gault, Inc.: crowdfunding raise on OpenDeal Inc. dba "Republic", $25,000 to $1,070,000 (2017)
True Gault, Inc., a corporation in Victor, NY, filed a Form C with the SEC on November 17, 2017 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) Units through OpenDeal Inc. dba "Republic". The offering closed on February 16, 2018. In its most recent fiscal year it reported $136,800 in revenue and a net loss of $906,983, with 3 employees.
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- Website
- www.truegault.com
- Funding portal
- OpenDeal Inc. dba "Republic"
- Address
- 154 COBBLESTONE COURT SUITE 175, Victor, NY 14564
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 13, 2014
- SEC CIK
- 0001598982
Offering terms
From the offering filed November 17, 2017.
- Security
- Crowd SAFE (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- February 16, 2018
- Portal compensation
- 5.0% of the amount raised.
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $136,800 | $55,155 | sec.gov |
| Cost of goods sold | $78,199 | $44,906 | sec.gov |
| Net income | $-906,983 | $-946,811 | sec.gov |
| Taxes paid | $6,385 | $13,584 | sec.gov |
| Total assets | $664,762 | $734,740 | sec.gov |
| Cash | $35,077 | $65,044 | sec.gov |
| Accounts receivable | $8,478 | $2,221 | sec.gov |
| Short-term debt | $318 | $324,445 | sec.gov |
| Long-term debt | $2,888,500 | $2,287,500 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 16, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2018 | Progress update | $25,000 | $1,070,000 | February 16, 2018 | The intermediary has indicated that at the end of the offering, the issuer has closed on approximately $79,925 in securities sold. | sec.gov |
| November 17, 2017 | Offering | $25,000 | $1,070,000 | February 16, 2018 | sec.gov |
Updated June 16, 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.