FreeRolls Entertainment
Early Stage
Poker Meets Advertising! Over $1.24M in 2019 Revenue!
Overview
Raised: $117,438
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/24/2019
Close Date
04/29/2020
Min. Goal
$50,000
Max. Goal
$999,998
Min. Investment
$300
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.38
Pre-Money Valuation
$12,400,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/03/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$625
# of Investors
95
Momentum
Funded
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
"We are one of the largest and fastest-growing poker clubs in the State of Texas!"
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$65,185 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$8,353 |
$0 |
| ||
| ||
|
Net Income |
$-659,161 |
$-1,896 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,569 |
$19 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$641,560 |
$1,019 |
|
Short-Term Debt |
$302,699 |
$1,415 |
|
Long-Term Debt |
$443,400 |
$0 |
|
Total Liabilities |
$746,099 |
$1,415 |
Financials as of: 10/24/2019
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| FreeRolls Entertainment | 04/29/2020 | Wefunder | $12,400,000 | $117,438 | Equity - Preferred | Funded | RegCF |
| FreeRolls Entertainment | 08/01/2018 | GrowthFountain | $5,000,000 | $0 | Equity - Common | Not Funded | RegCF |
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