We are a development stage artificial intelligence software company targeting the college course market. We are creating a cloud-based platform for college and university courses to be delivered to learners online and in hybrid online / on campus formats. We plan to use machine learning to provide a novel, mass customized experience to learners. Our intended customers are universities and colleges, and we are passionate about improving the learner experience and learner outcomes in college courses, and improving colleges’ ability to create and deliver both.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
Lola One Acquisition Corp
SEC CIK
Corporate docs
Latest filings (excl ownership)
10-K
2020 FY
Annual report
16 Sep 20
8-K
Entry into a Material Definitive Agreement
9 Jun 20
8-K
Entry into a Material Definitive Agreement
14 May 20
10-Q
2020 Q3
Quarterly report
14 May 20
D
$2M in debt, sold $1.35M, 48 investors
6 May 20
8-K
Entry into a Material Definitive Agreement
20 Apr 20
8-K
Departure of Directors or Certain Officers
10 Mar 20
8-K
Entry into a Material Definitive Agreement
24 Feb 20
15-12G
Securities registration termination
18 Feb 20
10-Q
2020 Q2
Quarterly report
7 Feb 20
Financial summary
Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Mar 19 | |
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Annual (USD) | Jun 20 | Jun 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 2.96 mm | 2.96 mm | 2.96 mm | 2.96 mm | 2.96 mm | 2.96 mm |
Cash burn (monthly) | 269.85 k | (no burn) | 294.94 k | 314.00 k | 211.24 k | 224.68 k |
Cash used (since last report) | 13.17 mm | n/a | 14.40 mm | 15.33 mm | 10.31 mm | 10.97 mm |
Cash remaining | -10.22 mm | n/a | -11.44 mm | -12.37 mm | -7.36 mm | -8.01 mm |
Runway (months of cash) | -37.9 | n/a | -38.8 | -39.4 | -34.8 | -35.7 |