The Bullet ID Corporation

The Bullet ID Corporation

Closed: Oct. 2023

About this raise: The Bullet ID Corporation is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. The company has developed a revolutionary technology for ammunition tracking and inventory management. The platform allows authorized users to view a bullet’s caliber, type, configuration, ownership history, geolocation tracking, and precise ballistic information through secure smartphone access. The primary customers of The Bullet ID Corporation include ammunition manufacturers, law enforcement, and the military. Bruce Lewis founded The Bullet ID Corporation in 2016. The current crowdfunding campaign has a maximum target of $40 million. The campaign proceeds will be used for software development, product development, marketing, machine inventory, and sales team development.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Rialto Markets
Start Date
08/29/2022
Close Date
Not Provided
Min. Goal
$750
Max. Goal
$40,000,000
Min. Investment

$750

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$85,153,189

Company & Team

Company

Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Toronto, Ontario
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Bruce Lewis
Title
President, CEO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$83,504
 Runway
3.2 months

Balance Sheet

Cash and Cash Equivalents

$265,134

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$3,892

Property and Equipment

$0

Total Assets

$334,679

Accounts Payable & Accrued Liabilities

$970,278

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$463,857

Total Liabilities

$1,710,430

Total Stockholders' Equity

$-1,375,751

Total Liabilities and Equity

$334,679

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$957,987

Total Interest Expenses

$0

Depreciation and Amortization

$33,001

Net Income

$-1,002,049

Earnings Per Share - Basic

$-0.02

Earnings Per Share - Diluted

$-0.02

Auditor: SRCO Professional Corporation
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,602,120
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/29/2023 Rialto Markets $85,153,189 - Equity - Common Funded RegA+
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The Bullet ID Corporation on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $85,153,189
Price per Share: $1.00

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