TransitNet LLC

CIK: 1830411CAIncorporated: 2020-01-09

Current Offering

$50,000
Target Amount
$1,070,000
Maximum Amount
2021-03-04
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 8%
7.5% 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 2020-11-13
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2021-03-04
As of 2022-06-14
Raising $50,000 -$5,000,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2023-04-30
Filing date2020-11-132022-06-14
Current employees22
Act received most recent fiscal year$0.00$1,089
Act received prior fiscal year$0.00$0.00
Cash equi most recent fiscal year$5,000$1,294,113
Cash equi prior fiscal year$0.00$5,000
Cost goods sold most recent fiscal year$0.00$0.00
Cost goods sold prior fiscal year$0.00$0.00
Long term debt most recent fiscal year$0.00$2,128,103
Long term debt prior fiscal year$0.00$0.00
Net income most recent fiscal year$0.00-$975,340.00
Net income prior fiscal year$0.00-$30,238.00
Revenue most recent fiscal year$0.00$9,797
Revenue prior fiscal year$0.00$0.00
Short term debt most recent fiscal year$5,000$162,677
Short term debt prior fiscal year$0.00$35,238
Tax paid most recent fiscal year$0.00$0.00
Tax paid prior fiscal year$0.00$0.00
Total asset most recent fiscal year$55,000$1,335,202
Total asset prior fiscal year$0.00$55,000

Financial Reports

Offering via Wefunder

Offering History

As of 2020-11-13
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2021-03-04
As of 2022-06-14
Raising $50,000 -$5,000,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2023-04-30
Filing date2020-11-132022-06-14
Current employees22
Act received most recent fiscal year$0.00$1,089
Act received prior fiscal year$0.00$0.00
Cash equi most recent fiscal year$5,000$1,294,113
Cash equi prior fiscal year$0.00$5,000
Cost goods sold most recent fiscal year$0.00$0.00
Cost goods sold prior fiscal year$0.00$0.00
Long term debt most recent fiscal year$0.00$2,128,103
Long term debt prior fiscal year$0.00$0.00
Net income most recent fiscal year$0.00-$975,340.00
Net income prior fiscal year$0.00-$30,238.00
Revenue most recent fiscal year$0.00$9,797
Revenue prior fiscal year$0.00$0.00
Short term debt most recent fiscal year$5,000$162,677
Short term debt prior fiscal year$0.00$35,238
Tax paid most recent fiscal year$0.00$0.00
Tax paid prior fiscal year$0.00$0.00
Total asset most recent fiscal year$55,000$1,335,202
Total asset prior fiscal year$0.00$55,000

Company Information

Limited Liability Company
CA
2020-01-09

Latest Metrics

Employees2
Total Assets$55,000
Cash on Hand$5,000
Revenues$0.00
Net Income$0.00

Crowdfunding Portals

This company is raising funds through this portal