Brain Game LS

Brain Game LS

An autonomous app that teaches financial literacy

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Security Type
Debt
Min Investment
$100
Location
Miami Beach, FL
Offering Date
March 04, 2021
Expected Close Date
April 29, 2022
Target Raise
$10.00K-$250.00K
Security Price
$5
Deal Notes

Price per Share: $5.00

Valuation
$10,010,355
Website
finlitx.com
Number of Employees
8
Cash
$148,677
Revenue
$519,070
Short Term Debt
$0
Cost of Goods
$445,339
Long Term Debt
$1,225,000
Net Income
$-1,654,752

Company Description

FinLitX is an autonomous app that teaches financial literacy without the need of human interaction. Advanced AI identifies the player's vulnerabilities and by Machine Learning, virtual reality, repetition, competition and rewards, instills positive values trending to better grades and self-esteem.

Delivered through an app globally for school virtual instruction, and for individual head to head play, Brain Game LS (Learning Systems) provides financial literacy and life skill learning using gamification, artificial intelligence, and a generous reward system. Learning is deepened through competition, repetition, relational learning and generous rewards.

Key Deal Facts

Endorsement by the NBA Analyst Kenny Smith for helping youth overcome socio-economic roadblocks.
Contracted to provide Financial Literacy and Entrepreneurship training for the High School of Fashion Industries in the heart of New York City.
2018 - 2021 Expansion to service 11 States, 3 Countries.
Special Congressional Award: 2020 Keeping the Dream Alive Award, in recognition of outstanding and invaluable service to the community, Recognized By Bill Pascrell Jr., United States Representative, Member of Congress.

Use of Proceeds

  • Compensation for managers
  • Product Development
  • Marketing and Sales
  • Legal
  • Debt Repayment
  • Salaries
  • Intermediary fees

Management Team / Advisory Board Bios

D. Alexis Samuels
CEO, Game Designer, Successful Entrepreneur
Mr. Samuels is the founder of Brain Game LS (Learning Systems). He brings 30 years business management experience to Brain Game LS. Prior to founding Brain Game LS, Mr. Samuels served as President of Commerce America Bank, and Executive Vice President of Vanguard Asset Group, both Financial Services Companies. Mr. Samuels successfully invented products for Nuskin USA a billion dollar public firm, and launched successful business ventures with the late Lee Iacocca, former Presidents of Ford and Chrysler Motors.

Harold T. Epps
Board of Directors, Corporate Advisor
Harold T. Epps is a business leader with over 35 years of corporate experience in providing high performance products and solutions for complex and compliance-driven industries. Most recently, Harold Epps served as Director of Commerce for the City of Philadelphia. Mr. Epps also served as Vice-Chairman of the Board of PRWT Services and served as PRWT’s President and CEO from 2007 to 2014. Prior executive roles include Quadrant, Menasha Corporation, and Polaroid.

Natasha Seay
President, Chief Operating Officer
Ms. Seay joined Brain Game Learning Systems in 2014 after serving as General Manager of Client Relations at Doral Arrowwood. Ms. Seay also served as Quality Control Director at Philips-Microswitch.

Deal Notes

Price per Share: $5.00

Amount Raised : $41,255
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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