Data / Crowdfunding / California / Phillips Entertainment Group Inc
Phillips Entertainment Group Inc: crowdfunding raise on StartEngine Capital, LLC, $9,997 to $1,069,996 (2020)
Phillips Entertainment Group Inc, a corporation in Los Angeles, CA, filed a Form C with the SEC on April 20, 2020 to raise $9,997 to $1,069,996 in common stock through StartEngine Capital, LLC. The offering closed on April 30, 2020. In its most recent fiscal year it reported $759,911 in revenue and a net loss of $8,296, with 1 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.soapsoxkids.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1480 COLORADO BLVD SUITE 210, Los Angeles, CA 90041
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- April 10, 2019
- SEC CIK
- 0001777011
Offering terms
From the amendment filed April 20, 2020.
- Security
- Common Stock
- Price
- $7.75
- Target
- $9,997
- Maximum
- $1,069,996
- Deadline
- April 30, 2020
- Portal compensation
- 6.0 percent
Financials
From the Form C-U filed October 7, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $759,911 | $405,687 | sec.gov |
| Cost of goods sold | $405,933 | $125,151 | sec.gov |
| Net income | $-8,296 | $-167,542 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $834,159 | $438,083 | sec.gov |
| Cash | $44,312 | $6,107 | sec.gov |
| Accounts receivable | $144,917 | $37,740 | sec.gov |
| Short-term debt | $397,188 | $147,853 | sec.gov |
| Long-term debt | $1,147,630 | $1,045,910 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 7, 2022 | Progress update | $9,997 | $1,069,996 | April 30, 2020 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $1057,330.50 and 142,432 number of securities. | sec.gov |
| May 5, 2020 | Progress update | $9,997 | $1,069,996 | April 30, 2020 | At the close of the offering, the issuer closed on $1,064,896.5 and 143,565 number of securities. | sec.gov |
| April 20, 2020 | Amendment | $9,997 | $1,069,996 | April 30, 2020 | Issuer is extending the length of their campaign by 30 days. | sec.gov |
| February 21, 2020 | Amendment | $9,997 | $1,069,996 | April 22, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| December 20, 2019 | Amendment | $9,997 | $1,069,996 | February 22, 2020 | Increasing the maximum funding goal, adding a Financial Review and updating the use of proceeds and extending the end date of the offering. | sec.gov |
| September 19, 2019 | Amendment | $9,997 | $106,996 | December 20, 2019 | updating max funding goal | sec.gov |
| September 19, 2019 | Offering | $9,997 | $107,000 | December 20, 2019 | sec.gov |
Updated October 7, 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.