Data / Crowdfunding / Maine / Love The Network, Inc.
Love The Network, Inc.: crowdfunding raise on Fundopolis Portal LLC, $50,000 to $249,999 (2020)
Love The Network, Inc., a corporation in Portland, ME, filed a Form C with the SEC on August 17, 2020 to raise $50,000 to $249,999 in preferred stock through Fundopolis Portal LLC. The offering closed on September 28, 2020. In its most recent fiscal year it reported $94 in revenue and a net loss of $67,367, with 2 employees.
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- Website
- lovethenetwork.com
- Funding portal
- Fundopolis Portal LLC
- Address
- 75 BISHOP STREET SUITE 12, Portland, ME 04103
- Legal form
- Corporation
- Jurisdiction
- ME
- Incorporated
- March 15, 2019
- SEC CIK
- 0001813320
Offering terms
From the amendment filed August 17, 2020.
- Security
- Preferred Stock
- Price
- $0.50
- Target
- $50,000
- Maximum
- $249,999
- Deadline
- September 28, 2020
- Portal compensation
- 6.0% of the offering amount raised upon a successful fundraise comprised of 4% of funds raised and 2% of securities issued
Financials
From the Form C/A filed August 17, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $94 | $0 | sec.gov |
| Cost of goods sold | $13,423 | $0 | sec.gov |
| Net income | $-67,367 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $141 | $0 | sec.gov |
| Cash | $141 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $67,500 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 17, 2020 | Amendment | $50,000 | $249,999 | September 28, 2020 | Correction to original Financial Statements Exhibit that had been uploaded. This is the correct copy. | sec.gov |
| June 29, 2020 | Amendment | $50,000 | $249,999 | September 28, 2020 | The company name was updated to Love The Network, Inc. and the offering memo was updated to the correct version. | sec.gov |
| June 29, 2020 | Amendment | $50,000 | $249,999 | September 28, 2020 | The company name was updated to Love The Network, Inc. and the offering memo was updated to the correct version. | sec.gov |
| June 29, 2020 | Amendment | $50,000 | $249,999 | September 28, 2020 | The company name was updated to Love The Network, Inc. and the offering memo was updated to the correct version. | sec.gov |
| June 29, 2020 | Offering | $50,000 | $249,999 | September 28, 2020 | sec.gov |
Updated August 17, 2020. 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.