Software & Services

SapientX Inc.

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, SapientX Inc. is a Corporation organized in DE on 04-06-2016. They report having 3.00 employees, and revenue in their most recent fiscal year of $53,490 and $1,000 the prior year.

Description:
SapientX makes conversational AI that really works. Unlike other interfaces out there, ours understands what you say and truly helps you get the job done.
Website:
http://www.sapientx.com/
Location:
4600 SMITH GRADE ROAD
SANTA CRUZ, NY 95060

Equity Crowdfunding Campaigns

SapientX Inc. does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Monday, November 5, 2018

SapientX Inc. previously ran a Reg CF crowdfunding campaign to raise a target of $25,000 via SeedInvest before a deadline of 11-02-2018. They filed this progress report at the end of the offering: "The issuer raised approximately $325,000 during the offering period. Payments are still being processed; the exact amount has yet to be determined."

Intermediary compensation

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

"7.5% of the amount raised"

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

"SI Securities will receive equity compensation equal to 5% of the number of securities sold."

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $53,490 $1,000 5249.0%
Cost of Goods Sold $0 $0 N/A
Taxes Paid $0 $0 N/A
Net Income -$92,401 -$98,417 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $132,230 $185,969 -28.9%
Cash & Cash Equivalents $17 $4,163 -99.6%
Accounts Receivable $22,740 $0 N/A
Short-Term Debt $0 $0 N/A
Long-Term Debt $93,387 $56,833 64.3%

Complete Reg CF filing activity feed

  • Update Form C-U

    [ Nov-5 ] SapientX Inc. filed a progress report (Form C-U) with the following update:

    "The issuer raised approximately $325,000 during the offering period. Payments are still being processed; the exact amount has yet to be determined."
  • New Offering Form C

    [ Sep-5 ] SapientX Inc. filed SEC Form C to raise a target amount of $25,000 (up to a maximum of $1,070,000) of Preferred Stock via SeedInvest before a deadline of 11-02-2018.

    Description:

    "SapientX makes conversational AI that really works. Unlike other interfaces out there, ours understands what you say and truly helps you get the job done."