Data / Crowdfunding / New York / Frame Media Inc.
Frame Media Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $107,000 (2020)
Frame Media Inc., a corporation in Brooklyn,, NY, filed a Form C with the SEC on September 15, 2020 to raise $25,000 to $107,000 in debt through SI SECURITIES, LLC. The offering closed on October 30, 2020. In its most recent fiscal year it reported $3,547 in revenue and a net loss of $23,582, with 3 employees.
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- Website
- frame.media
- Funding portal
- SI SECURITIES, LLC
- Address
- 210 32ND STREET, Brooklyn,, NY 11232
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 10, 2019
- SEC CIK
- 0001782185
Offering terms
From the amendment filed September 15, 2020.
- Security
- Debt
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- October 30, 2020
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-AR filed May 10, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,547 | $4,115 | sec.gov |
| Cost of goods sold | $18,943 | $0 | sec.gov |
| Net income | $-23,582 | $-168,583 | sec.gov |
| Taxes paid | $8,186 | $0 | sec.gov |
| Total assets | $208,135 | $126,482 | sec.gov |
| Cash | $206,737 | $122,342 | sec.gov |
| Accounts receivable | $0 | $1,451 | sec.gov |
| Short-term debt | $14,500 | $0 | sec.gov |
| Long-term debt | $323,275 | $125,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 10, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 10, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 30, 2020 | Progress update | $25,000 | $107,000 | October 30, 2020 | The issuer raised approximately $63,250 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| October 30, 2020 | Withdrawal | Not listed | Not listed | sec.gov | ||
| September 15, 2020 | Amendment | $25,000 | $107,000 | October 30, 2020 | To include additional disclosure on tiered valuation structure of the offering. | sec.gov |
| September 3, 2020 | Offering | $25,000 | $107,000 | October 30, 2020 | sec.gov | |
| March 3, 2020 | Offering | $25,000 | $1,000,000 | May 1, 2020 | sec.gov |
Updated May 10, 2022. 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.