Consumer Staples

True Gault, Inc.

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, True Gault, Inc. is a Corporation organized in DE on 01-31-2014. They report having 3 employees, and revenue in their most recent fiscal year of $42,454 and $147,501 the prior year.

Description:
The most fabulous fitting shoes you've been waiting for are here and you no longer have to sacrifice fit for fashion. You can have it all — head-turning style, exceptional craftsmanship, lasting comfort and pure walking confidence. Slip them on and y...
Website:
www.truegault.com
Location:
154 Cobblestone Court
Suite 175
Victor, NY 14564

Equity Crowdfunding Campaigns

True Gault, Inc. does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Wednesday, March 7, 2018

True Gault, Inc. previously ran a Reg CF crowdfunding campaign to raise a target of $25,000 via Republic before a deadline of 02-16-2018. They filed this progress report at the end of the offering: "The intermediary has indicated that at the end of the offering, the issuer has closed on approximately $79,925 in securities sold."

Intermediary compensation

According to the SEC filings, Republic was compensated as follows for this offering:

"5.0% of the amount raised."

In addition to any direct compensation, True Gault, Inc. reports that Republic also received the following financial interest in the offering:

"A commission equivalent to 2.0% of the Securities being issued in this Offering."

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $42,454 $147,501 -71.2%
Cost of Goods Sold $102,991 $111,186 -7.4%
Taxes Paid $6,034 $19,257 -68.7%
Net Income -$799,357 -$636,917 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $594,239 $203,910 191.4%
Cash & Cash Equivalents $32,011 $114,561 -72.1%
Accounts Receivable $1,039 $637 63.1%
Short-Term Debt $353,289 $183,939 92.1%
Long-Term Debt $1,255,764 $235,432 433.4%

Complete Reg CF filing activity feed

  • Update Form C-U

    [ Mar-7 ] True Gault, Inc. filed a progress report (Form C-U) with the following update:

    "The intermediary has indicated that at the end of the offering, the issuer has closed on approximately $79,925 in securities sold."

    Click here to see more details of what was updated.

  • New Offering Form C

    [ Nov-17-2017 ] True Gault, Inc. filed SEC Form C to raise a target amount of $25,000 (up to a maximum of $1,070,000) of Crowd SAFE (Simple Agreement for Future Equity) Units via Republic before a deadline of 02-16-2018.

    Description:

    "The most fabulous fitting shoes you've been waiting for are here and you no longer have to sacrifice fit for fashion. You can have it all — head-turning style, exceptional craftsmanship, lasting comfort and pure walking confidence. Slip them on and y..."