Data / Crowdfunding / California / FTN Network Group Inc.
FTN Network Group Inc.: crowdfunding raise on SI SECURITIES, LLC, $25,000 to $1,235,000 (2022)
FTN Network Group Inc., a corporation in San Diego, CA, filed a Form C with the SEC on December 9, 2022 to raise $25,000 to $1,235,000 in debt through SI SECURITIES, LLC. The offering closed on February 8, 2023. In its most recent fiscal year it reported $1,198,084 in revenue and a net loss of $875,719.
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- Website
- www.ftnfantasy.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 864 GRAND AVENUE SUITE 1033, San Diego, CA 92109
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 21, 2022
- SEC CIK
- 0001957232
Offering terms
From the offering filed December 9, 2022.
- Security
- Debt
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- February 8, 2023
- Portal compensation
- 7.5% of the amount raised
Financials
From the Form C-U filed February 16, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,198,084 | $377,757 | sec.gov |
| Cost of goods sold | $1,355,865 | $578,766 | sec.gov |
| Net income | $-875,719 | $-450,035 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $107,443 | $93,660 | sec.gov |
| Cash | $58,116 | $38,917 | sec.gov |
| Accounts receivable | $48,614 | $38,917 | sec.gov |
| Short-term debt | $409,552 | $224,970 | sec.gov |
| Long-term debt | $0 | $1,225 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 16, 2023 | Progress update | $25,000 | $1,235,000 | February 8, 2023 | The issuer raised approximately $34,100 during the offering period. Payments are still being processed; the exact amount has yet to be determined. | sec.gov |
| December 9, 2022 | Offering | $25,000 | $1,235,000 | February 8, 2023 | sec.gov |
Updated February 16, 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.