Called Higher Studios
Faith-based Studio
Overview
Raised: $34,970
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/24/2024
Close Date
04/07/2024
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Series C
SEC Filing Type
RegCF
Return Multiple
1.20X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/23/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$479
# of Investors
59
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Called Higher Studios is raising funds on Wefunder. The faith-based movie studio makes movies that matter. Called Higher Studios creates movies that honor God’s values and Christian faith. The current raise is for The Anne Beiler Movie, which will celebrate Christian women and the struggles they go through. Jason Brown and Ash Greyson founded Called Higher Studios in June 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for the development of the film, hiring screenwriters, attaching actors for the film, and project development costs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,115,064 |
$48,904 |
|
COGS |
$2,069,034 |
$48,150 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-277,513 |
$-514,564 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$188,704 |
$453,205 |
|
Accounts Receivable |
$0 |
$3,300 |
|
Total Assets |
$622,313 |
$2,582,779 |
|
Short-Term Debt |
$37,046 |
$2,107,179 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$37,046 |
$2,107,179 |
Financials as of: 01/24/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Called Higher Studios | 04/06/2024 | Wefunder | - | $34,970 | Revenue Share | Funded | RegCF |
| Called Higher Studios | 09/14/2023 | StartEngine | $9,025,659 | $625,826 | Equity - Common | Funded | RegCF |
| Called Higher Studios | 04/15/2023 | Wefunder | $18,014,776 | $599,610 | Equity - Common | Funded | RegCF |
| Called Higher Studios | 06/30/2021 | StartEngine | $10,300,000 | $869,263 | Equity - Common | Funded | RegA+ |
| Called Higher Studios | 03/30/2020 | StartEngine | $1,730,000 | $1,069,991 | Equity - Common | Funded | RegCF |
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