Lit Motors Corporation

CIK: 1588286DEIncorporated: 2010-02-10

Current Offering

$300,000
Target Amount
$5,000,000
Maximum Amount
2025-04-30
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 300,000+

Offering Costs

Cash commission: 8%
7.9% 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.
Equity compensation: 0%
No

Financial Reports

Offering via Wefunder

Offering History

As of 2024-05-10
Raising $300,000 -$5,000,000 via 300,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2025-04-30
Filing date2024-05-10
Current employees4
Act received most recent fiscal year$0.00
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$48.00
Cash equi prior fiscal year$50,156
Cost goods sold most recent fiscal year$0.00
Cost goods sold prior fiscal year$0.00
Long term debt most recent fiscal year$2,674,953
Long term debt prior fiscal year$1,108,507
Net income most recent fiscal year-$1,748,009.00
Net income prior fiscal year-$556,331.00
Revenue most recent fiscal year$0.00
Revenue prior fiscal year$0.00
Short term debt most recent fiscal year$6,200,419
Short term debt prior fiscal year$6,200,419
Tax paid most recent fiscal year$0.00
Tax paid prior fiscal year$0.00
Total asset most recent fiscal year$700,396
Total asset prior fiscal year$853,460

Company Information

Corporation
DE
2010-02-10

Latest Metrics

Employees4
Total Assets$700,396
Cash on Hand$48.00
Revenues$0.00
Net Income-$1,748,009.00

Crowdfunding Portals

This company is raising funds through this portal