UNIVERSAL TRANSIT CORP.

CIK: 2013613NJIncorporated: 2020-10-23

Current Offering

$400,000
Target Amount
$1,235,000
Maximum Amount
2024-08-05
Deadline

Security Details

Type: Crowd SAFE (Simple Agreement for Future Equity)
Price per share: $1.00
Shares offered: 400,000+

Offering Costs

Cash commission: 6%
At the conclusion of the offering, the issuer shall pay the intermediary cash proceeds equal to the greater of (A) twelve thousand dollars ($12,000.00) or (B) five and one-half percent (5.5%) of the amount raised in the Offering.
Equity compensation: 1%
The Intermediary will also receive compensation in the form of securities equal to one and one quarter percent (1.25%) of the total number of the securities sold in the Offering.

Financial Reports

Offering via Republic

Offering History

As of 2024-04-22
Raising $400,000 -$1,235,000 via 400,000+ shares of crowd SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2024-08-05
Filing date2024-04-22
Current employees0
Act received most recent fiscal year$239,697
Act received prior fiscal year$0.00
Cash equi most recent fiscal year$57,621
Cash equi prior fiscal year$6,943
Cost goods sold most recent fiscal year$5,383,838
Cost goods sold prior fiscal year$6,047,614
Long term debt most recent fiscal year$1,432,610
Long term debt prior fiscal year$0.00
Net income most recent fiscal year$44,850
Net income prior fiscal year$36,069
Revenue most recent fiscal year$9,681,210
Revenue prior fiscal year$8,078,169
Short term debt most recent fiscal year$691,823
Short term debt prior fiscal year$593,621
Tax paid most recent fiscal year$9,527
Tax paid prior fiscal year$8,939
Total asset most recent fiscal year$2,415,353
Total asset prior fiscal year$839,690

Company Information

Corporation
NJ
2020-10-23

Latest Metrics

Employees0
Total Assets$2,415,353
Cash on Hand$57,621
Revenues$9,681,210
Net Income$44,850

Crowdfunding Portals

This company is raising funds through this portal