Game Loot Network

Game Loot Network

Early Stage

Gaming

Gaming

Overview

Raised this Round: Raised: $5,176

Platform

StartEngine

Start Date

03/14/2017

Close Date

06/30/2017

Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$25.00

Pre-Money Valuation

$25,000,000

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

Lake Lotawana, Missouri

Game Loot Network, with a valuation of $25 million, is raising funds on StartEngine. It is a social gaming community that enables mobile gamers to play games and earn. Game Loot Network allows gamers to purchase or win digital Game Loot tokens and compete against others in tournaments to win incredible prizes. Lance Baker founded Game Loot Network in January 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for platform improvements, marketing, operations, professional fees, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$5,328,834

$172,319

COGS

$5,384,981

$99,535

Tax

$0

$0

 

 

Net Income

$-610,992

$-10,703

Summary Balance Sheet

FY 2016 FY 2015

Cash

$317,324

$22,313

Accounts Receivable

$22,996

$1,040

Total Assets

$1,133,482

$163,143

Short-Term Debt

$581,431

$2,901

Long-Term Debt

$613,483

$56,271

Total Liabilities

$1,194,914

$59,172

Financials as of: 03/14/2017
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Game Loot Network on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $25.00

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