Treycent integrates with Alexa and delivers fast, easy access to online content and services using voice commands and our virtual personal assistant. 60,000+ downloads!

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Treycent

Donald McSwain     Sarasota, Florida     Mobile Apps    
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Current Financial Statement for: Treycent, Inc
Date of incorporation: 05/20/2016
Current number of employees: 1
Fiscal Year: Prior Fiscal Year end:
31/12/2015
Most recent Fiscal Year end:
31/12/2016
Balance Sheet Highlights
Total Assets: $52,850
Cash and Cash Equivalents: $285
Accounts Receivable:
Short-term Debt:
Long Term Debt*:
Income Statement Highlights
Revenue/Sales**:
Cost of Goods or Services Sold:
Taxes Paid:
Net Income:
Prior Year Notes:

2015:  Software was being developed by the founder, but the company was not formed.  A significant amount of time and intellectual property was created. 

Recent Year Notes:

2016:  Company was incorporated in May 2016.  60,000 downloads of the app at the end of this year.

*Debt Statement (for all long term debts describe the terms, and debt holder):

 

No debt in the company

 

**Describe Revenue/Sales (Services or product revenue, #of customers, average sale):

 

Revenue will be derived from advertising which is the standard model for mobile applications.  See projected financials for details.

 

Fiscal Year and for # of Employees
Fiscal Year: 2017 2018 2019
Expected # of Employees: 0 2 3
Balance Sheet Highlights
Total Assets: $56,085 $67,005 $121,995
Cash and Cash Equivalents: $6,085 $17,005 $71,995
Accounts Receivable:
Short-term Debt:
Long Term Debt: *
Income Statement Highlights:
Revenue/Sales: ** $7,200 $43,200 $115,200
Cost of Goods or Services Sold: $26,400 $26,400 $30,600
Taxes Paid: $5,880 $29,610
Net Income: $-19,200 $10,920 $54,990
Cash Flow Highlights
Beginning Cash: $285 $6,085 $17,005
Ending Cash: $6,085 $17,005 $71,995
Basis: accrual accrual accrual
Notes for Year 1

2017:  Projections assume the completion of the minimum capital raise of $25,000.  The App has 60,000 downloads going into the year and close to the point where we can generate advertising revenue.  There are no salaries taken except a $500 per month budget.  There will be a big push for marketing and downloads.

Notes for Year 2

2018:  Company anticipates consistent growth in downloads and revenue.  

Notes for Year 3

Company anticipates rapid growth.

Debt Statement (for all long term debts, describe the terms, and debt holder): *

No debt in the Company

Describe Revenue/Sales (Services or product revenue, #of customers, average sale): **

Future revenue is generated through advertisers.  This is a standard app model.  Once exposure is created we will look for an acquisition.

Security Offering

equity

Price per share/unit: $1.00
Min investment amount:  $500
Min % of company: 2.4%
Max % of company: 9.1%

About the Founder

Donald McSwain
Sarasota, Florida
Former Software Engineer @Microsoft, @Expedia, and @MITRE
Project Audit Status
Proof of Identification:
Representative of your Financial Reports:
Corporation or LLC Certificate:
Tax Form IRS W9:
Copies of 2 years of tax returns:
Financial Statements:
Business Plan:
Project Deadline: 04/15/2017

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