TraxMethod
Professional Development Services
Overview
Raised: $31,070
Total Commitments ($USD)
Platform
SMBX
Start Date
08/18/2022
Close Date
09/19/2022
Min. Goal
$20,000
Max. Goal
$50,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$971
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
TraxMethod is raising funds on SMBX. The company provides strategic planning services that help organizations and individuals achieve success with its leadership training. The customized and affordable training solutions of TraxMethod provide support to employees to reach their fullest potential and strategies for clients to get the best out of their employees. The primary objective of TraxMethod is to facilitate, train, and coach individuals and groups in the areas of personal growth, professional skills, and leadership. Dr. Albert P. DuPont founded TraxMethod in March 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $50,000. The campaign proceeds will be used for research and development, marketing, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$211,631 |
$55,494 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$110,088 |
$45,539 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24,055 |
$28,499 |
|
Accounts Receivable |
$28,896 |
$0 |
|
Total Assets |
$52,951 |
$28,499 |
|
Short-Term Debt |
$25 |
$0 |
|
Long-Term Debt |
$12,000 |
$0 |
|
Total Liabilities |
$12,025 |
$0 |
Financials as of: 08/18/2022
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