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Truth Arts

Operating

Truth Arts Inc.

Industrial & Manufacturing · Founded 2014

A collective of high-powered creative mutant world-builders

Valuation cap ⓘ
$132.5M
As of Apr 2024 · from Reg CF Offering (2024-03-04) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$22,215,384
Crowd $1K · Private $22.2M · 6 rounds since 2014
Latest share price
$1.5411
Section 4(a)(2) · Series A-1 Preferred Stock · May 2022 offering price

Financials

FY2021–FY2024 · from SEC filings · hover any figure for its source
$0
−$1.8M
2021
$0
−$3.7M
2022
$0
−$4.3M
2023
$281K
−$5.2M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
FY2024 reviewed
Income statement
Revenue
$0
$0
$0
$281,051
Cost of goods sold
$0
$0
$0
$7,624
Gross margin
—
—
—
97%
Net income
-$1,775,771
-$3,700,376
-$4,283,710
-$5,207,868
Taxes paid
-$1,905
$0
$0
$0
Balance sheet
Cash
$1,276,783
$13,895,212
$3,593,417
$4,875,235
Accounts receivable
$0
$0
$0
$0
Total assets
$1,365,021
$9,750,113
$9,750,113
$4,895,394
Short-term debt
$25,444
$63,250
$7,552
$16,585
Long-term debt
$0
$0
$0
$0
Total liabilities
$25,444
$63,250
$7,552
$16,585
Other
Headcount
—
17
17
10

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$132.5M
Valuation cap
Reg CF · SAFE · Mar 2024

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Share price over rounds

$1.5411$0.7706$0.2762
May 2014May 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines, and each class is drawn as its own line.

Cap table

Share counts as of Dec 31, 2022
ClassOutstandingVotes / shareShare of totalLast price
Preferred Stockpreferred37,309,574—100.0%$0.5527Jan 2020

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Team

4 people
Alexander Taub
Chief Executive officer
Eliot Durbin
Director
Michael Schonfeld
Director
Nicole Priel
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 3 annual reports (FY2023–FY2025)

Missing: 2023, 2025

342 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARMay 1, 20250002008595-25-000002
    EDGAR
  • Form C-USep 13, 20240002008595-24-000010
    EDGAR
  • Form CJul 25, 20240002008595-24-000009
    EDGAR
  • Form C-UMay 6, 20240002008595-24-000008
    EDGAR
  • Form C/AMar 26, 20240002008595-24-000003
    EDGAR
  • Form C/AMar 11, 20240002008595-24-000002
    EDGAR
  • Form CFeb 27, 20240002008595-24-000001
    EDGAR
Source: ManualCIK 0002008595Share price $1.1578

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.