Data / Crowdfunding / Texas / ArtCraft Entertainment, Inc.
ArtCraft Entertainment, Inc.: crowdfunding raise on First Democracy VC, $150,000 to $1,000,000 (2016)
ArtCraft Entertainment, Inc., a corporation in Austin, TX, filed a Form C with the SEC on December 22, 2016 to raise $150,000 to $1,000,000 in preferred stock through First Democracy VC. The offering closed on January 16, 2017. In its most recent fiscal year it reported $2,349,958 in revenue and a net loss of $6,713,627, with 64 employees.
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- Website
- www.crowfall.com
- Funding portal
- First Democracy VC
- Address
- 815 A Brazos St #313, Austin, TX 78701
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 20, 2013
- SEC CIK
- 0001611945
Offering terms
From the amendment filed December 22, 2016.
- Security
- Preferred Stock
- Price
- $1.12
- Target
- $150,000
- Maximum
- $1,000,000
- Deadline
- January 16, 2017
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed April 29, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,349,958 | $1,000,000 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-6,713,627 | $-5,703,008 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $8,238,204 | $4,604,292 | sec.gov |
| Cash | $3,897,536 | $1,329,677 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $37,261 | $0 | sec.gov |
| Long-term debt | $231,260 | $307,636 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| January 24, 2017 | Progress update | $150,000 | $1,000,000 | January 16, 2017 | $668,000 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| December 22, 2016 | Amendment | $150,000 | $1,000,000 | January 16, 2017 | Include webinar transcript | sec.gov |
| November 15, 2016 | Offering | $150,000 | $1,000,000 | January 16, 2017 | sec.gov |
Updated April 28, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.