Truth Arts Inc.

CIK: 2008595DEIncorporated: 2014-01-10

Current Offering

$1.00
Target Amount
$1,235,000
Maximum Amount
2024-03-27
Deadline

Security Details

Type: SAFE (Simple Agreement for Future Equity)
Price per share: $0.01
Shares offered: 100+

Offering Costs

Cash commission: 0%
The Issuer shall pay the Intermediary a flat fee of one-hundred and twenty-five thousand dollars ($125,000) for preparing the Offering.
Equity compensation: 1%
The Intermediary will also receive compensation in the form of securities equal to one percent (1%) of the total number of the securities sold in the Offering.

Financial Reports

Offering via Republic

Offering History

As of 2024-02-27
Raising $1.00 -$1,235,000 via 100+ shares of sAFE (Simple Agreement for Future Equity) at $0.01 per share
Deadline: 2024-03-27
As of 2024-03-26
Raising $1.00 -$1,235,000 via 100+ shares of sAFE (Simple Agreement for Future Equity) at $0.01 per share
Deadline: 2024-04-09
As of 2024-07-25
Raising $1.00 -$618,000 via 100+ shares of sAFE (Simple Agreement for Future Equity) at $0.01 per share
Deadline: 2024-08-23
Filing date2024-02-272024-03-262024-07-25
Current employees171717
Act received most recent fiscal year$0.00$0.00$0.00
Act received prior fiscal year$0.00$0.00$0.00
Cash equi most recent fiscal year$13,895,212$42,011$3,593,417
Cash equi prior fiscal year$1,276,783$0.00$13,895,212
Cost goods sold most recent fiscal year$0.00$148,449$0.00
Cost goods sold prior fiscal year$0.00$0.00$0.00
Long term debt most recent fiscal year$0.00$0.00$0.00
Long term debt prior fiscal year$0.00$0.00$0.00
Net income most recent fiscal year-$3,700,376.00$888,266-$4,283,710.00
Net income prior fiscal year-$1,775,771.00$0.00-$3,700,376.00
Revenue most recent fiscal year$0.00$11,321,102$0.00
Revenue prior fiscal year$0.00$0.00$0.00
Short term debt most recent fiscal year$63,250$1,603$7,552
Short term debt prior fiscal year$25,444$0.00$63,250
Tax paid most recent fiscal year$0.00$0.00$0.00
Tax paid prior fiscal year-$1,905.00$0.00$0.00
Total asset most recent fiscal year$14,089,521$889,869$9,750,113
Total asset prior fiscal year$1,365,021$0.00$9,750,113

Financial Reports

Offering via Republic

Offering History

As of 2024-02-27
Raising $1.00 -$1,235,000 via 100+ shares of sAFE (Simple Agreement for Future Equity) at $0.01 per share
Deadline: 2024-03-27
As of 2024-03-26
Raising $1.00 -$1,235,000 via 100+ shares of sAFE (Simple Agreement for Future Equity) at $0.01 per share
Deadline: 2024-04-09
As of 2024-07-25
Raising $1.00 -$618,000 via 100+ shares of sAFE (Simple Agreement for Future Equity) at $0.01 per share
Deadline: 2024-08-23
Filing date2024-02-272024-03-262024-07-25
Current employees171717
Act received most recent fiscal year$0.00$0.00$0.00
Act received prior fiscal year$0.00$0.00$0.00
Cash equi most recent fiscal year$13,895,212$42,011$3,593,417
Cash equi prior fiscal year$1,276,783$0.00$13,895,212
Cost goods sold most recent fiscal year$0.00$148,449$0.00
Cost goods sold prior fiscal year$0.00$0.00$0.00
Long term debt most recent fiscal year$0.00$0.00$0.00
Long term debt prior fiscal year$0.00$0.00$0.00
Net income most recent fiscal year-$3,700,376.00$888,266-$4,283,710.00
Net income prior fiscal year-$1,775,771.00$0.00-$3,700,376.00
Revenue most recent fiscal year$0.00$11,321,102$0.00
Revenue prior fiscal year$0.00$0.00$0.00
Short term debt most recent fiscal year$63,250$1,603$7,552
Short term debt prior fiscal year$25,444$0.00$63,250
Tax paid most recent fiscal year$0.00$0.00$0.00
Tax paid prior fiscal year-$1,905.00$0.00$0.00
Total asset most recent fiscal year$14,089,521$889,869$9,750,113
Total asset prior fiscal year$1,365,021$0.00$9,750,113

Company Information

Corporation
DE
2014-01-10

Latest Metrics

Employees17
Total Assets$14,089,521
Cash on Hand$13,895,212
Revenues$0.00
Net Income-$3,700,376.00

Crowdfunding Portals

This company is raising funds through this portal