KGAY
Invest to place KGAY Radio with LGBTQ+ investors/owners
Overview
Raised: $61,500
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/14/2021
Close Date
02/17/2022
Min. Goal
$60,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.25X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$492
# of Investors
23
Momentum
Funded
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Year Founded
2021
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
KGAY is raising funds on Wefunder. It is a media company that owns KGAY 106.5 Palm Springs radio and GayDesertGuide. The company works as the marketplace for advertisers to reach LGBTQ+ consumers through cross-promotions, content, and advertising. The platform takes an integrated approach to reach the LGBTQ+ community without waste. Brad Fuhr founded KGAY in April 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $250,000. The campaign proceeds will be used for operating costs, hiring a salesperson, and expansion of AM programming to create a separate revenue stream.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$10,394 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-21,104 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$28,415 |
$0 |
|
Accounts Receivable |
$1,700 |
$0 |
|
Total Assets |
$29,916 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$258,300 |
$0 |
|
Total Liabilities |
$258,300 |
$0 |
Financials as of: 10/14/2021
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