Data / Crowdfunding / California / TFSC Inc
TFSC Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
TFSC Inc, a corporation in Mill Valley, CA, filed a Form C with the SEC on April 3, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on June 2, 2023. In its most recent fiscal year it reported $1,624,827 in revenue and a net loss of $835,212, with 7 employees.
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- Website
- drinkfreespirits.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 305 RICARDO ROAD, Mill Valley, CA 94941
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- May 13, 2022
- SEC CIK
- 0001958449
Offering terms
From the offering filed April 3, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- June 2, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of five percent (5%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed June 14, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,624,827 | $0 | sec.gov |
| Cost of goods sold | $613,764 | $0 | sec.gov |
| Net income | $-835,212 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $707,806 | $0 | sec.gov |
| Cash | $137,565 | $0 | sec.gov |
| Accounts receivable | $61,242 | $0 | sec.gov |
| Short-term debt | $1,117,494 | $0 | sec.gov |
| Long-term debt | $13,675 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 14, 2023 | Progress update | $25,000 | $1,235,000 | June 2, 2023 | The Offering closed successfully on 6/3/2023, having received investment commitments of $137,835, although a final accounting has not taken place. | sec.gov |
| April 3, 2023 | Offering | $25,000 | $1,235,000 | June 2, 2023 | sec.gov |
Also on SpecStream
Updated June 14, 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.