Data / Crowdfunding / Texas / Community Musician, Inc.
Community Musician, Inc.: crowdfunding raise on NetCapital Funding Portal Inc., $10,000 to $1,070,000 (2023)
Community Musician, Inc., a corporation in Dallas, TX, filed a Form C with the SEC on February 17, 2023 to raise $10,000 to $1,070,000 in common stock through NetCapital Funding Portal Inc.. The offering closed on April 21, 2023. In its most recent fiscal year it reported $255 in revenue and a net loss of $166,194, with 1 employees.
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- Website
- investors.communitymusician.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 1920 McKinney Avenue 7th Floor, Dallas, TX 75201
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 22, 2018
- SEC CIK
- 0001947436
Offering terms
From the amendment filed February 17, 2023.
- Security
- Common Stock
- Price
- $1.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- April 21, 2023
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C-U filed September 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $255 | $14 | sec.gov |
| Cost of goods sold | $3,022 | $0 | sec.gov |
| Net income | $-166,194 | $-69,516 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $359,233 | $317,477 | sec.gov |
| Cash | $5,746 | $1,093 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,732,510 | $1,532,227 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 1, 2023 | Progress update | $10,000 | $1,070,000 | April 21, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $35,566. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| February 17, 2023 | Amendment | $10,000 | $1,070,000 | April 21, 2023 | the issuer extended the offering deadline. | sec.gov |
| December 14, 2022 | Amendment | $10,000 | $1,070,000 | February 22, 2023 | the issuer extended the offering deadline. | sec.gov |
| September 23, 2022 | Offering | $10,000 | $1,070,000 | December 16, 2022 | sec.gov |
Updated September 1, 2023. 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.