Data / Crowdfunding / New York / Flont, Inc
Flont, Inc: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $107,000 (2018)
Flont, Inc, a corporation in New York, NY, filed a Form C with the SEC on August 3, 2018 to raise $10,000 to $107,000 in Series CF Preferred Stock through StartEngine Capital, LLC. The offering closed on September 27, 2018. In its most recent fiscal year it reported $44,026 in revenue and a net loss of $1,197,760, with 7 employees.
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- Website
- flont.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 22 W 48TH ST SUITE 902, New York, NY 10036
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 28, 2016
- SEC CIK
- 0001742332
Offering terms
From the amendment filed August 3, 2018.
- Security
- Series CF Preferred Stock
- Price
- $0.80
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- September 27, 2018
- Portal compensation
- 6 percent
Financials
From the Form C-U filed October 3, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $44,026 | $2,215 | sec.gov |
| Cost of goods sold | $2,882 | $504 | sec.gov |
| Net income | $-1,197,760 | $-286,473 | sec.gov |
| Taxes paid | $57 | $0 | sec.gov |
| Total assets | $508,690 | $128,170 | sec.gov |
| Cash | $330,805 | $7,110 | sec.gov |
| Accounts receivable | $0 | $-826 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $1,965,331 | $390,600 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 3, 2018 | Progress update | $10,000 | $107,000 | September 27, 2018 | At the close of the offering, the issuer closed on $12,029.6 and 15,319 number of securities. | sec.gov |
| August 3, 2018 | Amendment | $10,000 | $107,000 | September 27, 2018 | The issuer is updating their campaign page to accurately reflect the maximum investment amount. | sec.gov |
| June 28, 2018 | Offering | $10,000 | $107,000 | September 27, 2018 | sec.gov |
Updated October 3, 2018. 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.