Data / Crowdfunding / California / VIRTUAL FILM SCHOOL, INC
VIRTUAL FILM SCHOOL, INC: crowdfunding raise on YOUNG AMERICA CAPITAL, LLC, $20,000 to $2,000,000 (2022)
VIRTUAL FILM SCHOOL, INC, a corporation in Burbank, CA, filed a Form C with the SEC on January 7, 2022 to raise $20,000 to $2,000,000 in Safe - Simple Agreement for Future Equity through YOUNG AMERICA CAPITAL, LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $6,048 in revenue and a net loss of $169,094, with 5 employees.
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- Website
- www.virtualfilmschool.com
- Funding portal
- YOUNG AMERICA CAPITAL, LLC
- Address
- 2219 W OLIVE AVE 277, Burbank, CA 91506
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 12, 2018
- SEC CIK
- 0001889280
Offering terms
From the offering filed January 7, 2022.
- Security
- Safe - Simple Agreement for Future Equity
- Price
- $5.00
- Target
- $20,000
- Maximum
- $2,000,000
- Deadline
- April 30, 2022
- Portal compensation
- 5% of the initial capital raised for the first round.
Financials
From the Form C filed January 7, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,048 | $0 | sec.gov |
| Cost of goods sold | $3,100 | $0 | sec.gov |
| Net income | $-169,094 | $0 | sec.gov |
| Taxes paid | $841 | $0 | sec.gov |
| Total assets | $32,781 | $0 | sec.gov |
| Cash | $153 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $356,096 | $0 | sec.gov |
| Long-term debt | $61,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 7, 2022 | Offering | $20,000 | $2,000,000 | April 30, 2022 | sec.gov | |
| January 5, 2022 | Offering | $2,000,000 | $2,000,000 | April 30, 2022 | sec.gov | |
| January 4, 2022 | Offering | $2,000,000 | $2,000,000 | December 31, 2022 | sec.gov | |
| December 27, 2021 | Offering | $2,000,000 | $2,000,000 | December 31, 2022 | sec.gov | |
| November 2, 2021 | Offering | $1,070,000 | $5,000,000 | December 31, 2022 | sec.gov |
Updated January 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.