Data / Crowdfunding / California / Fugitive Media Inc
Fugitive Media Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
Fugitive Media Inc, a corporation in Beverly Hills, CA, filed a Form C with the SEC on June 14, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on October 12, 2022. In its most recent fiscal year it reported $283,954 in revenue and a net loss of $371,342, with 2 employees.
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- Website
- frequencymachine.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 9316 GREGORY WAY, Beverly Hills, CA 90212
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 27, 2018
- SEC CIK
- 0001897616
Offering terms
From the offering filed June 14, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- October 12, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed March 31, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $283,954 | $55,401 | sec.gov |
| Cost of goods sold | $200,670 | $84,600 | sec.gov |
| Net income | $-371,342 | $-203,066 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $115,994 | $458,516 | sec.gov |
| Cash | $115,994 | $458,516 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $953,262 | $145 | sec.gov |
| Long-term debt | $10,000 | $116,787 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 31, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| March 31, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 14, 2022 | Progress update | $25,000 | $1,070,000 | October 12, 2022 | The Offering closed successfully on 10/13/2022, having received investment commitments of $46,022, although a final accounting has not taken place. | sec.gov |
| June 14, 2022 | Offering | $25,000 | $1,070,000 | October 12, 2022 | sec.gov |
Updated March 31, 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.