PursuitAlert
Early Stage
SIMPLY SAVING LIVES
Overview
Raised: $36,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
01/15/2023
Close Date
01/13/2024
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$500
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$50,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/12/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$99
# of Investors
12
Momentum
Not Funded
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Year Founded
2015
Industry
Security, Cybersecurity, & Defense
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
PursuitAlert is raising funds on Silicon Prairie Online. The company has developed a patented warning system that allows law enforcement to send critical messages directly to citizens. The system, DigitalSiren, alerts citizens of dangerous events nearby through its app, Apple maps, Waze maps, and Stelantis passenger vehicles. In this way, PursuitAlert aims to prevent injuries, fatalities, and damages caused by the necessary activities of law enforcement. Timothy Morgan founded PursuitAlert in October 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used to grow sales and integrate DigitalSiren into more user endpoints.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$224,489 |
$12,091 |
|
COGS |
$748,512 |
$3,988 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-36,758 |
$-161,637 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$3,565 |
$3,896 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$45,313 |
$47,780 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$305,364 |
$271,073 |
|
Total Liabilities |
$305,364 |
$271,073 |
Financials as of: 01/15/2023
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