Overview
Raised: $618,000
Total Commitments ($USD)
Platform
Angel Funding
Start Date
10/26/2023
Close Date
11/16/2023
Min. Goal
$250,000
Max. Goal
$618,000
Min. Investment
$25
Security Type
Revenue Share
Series
Series C
SEC Filing Type
RegCF
Return Multiple
1.20X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$30,900
# of Investors
448
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
The Shift is raising funds on Angel Funding. It is a faith-based science fiction film and is led by an experienced team. The Shift started as a short film about Kevin Garner, a man who encounters a mysterious stranger who offers him wealth and power. However, many questions remained unanswered, and to answer them, the team is turning The Shift into a feature-length film to encourage people to seek the light and reject the dark. The film has already been made and is set to release in theatres on December 1, 2023. Brock Heasley founded The Shift in October 2018. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $618,000. The campaign proceeds will be used for prints and advertising.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,158 |
$94 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,230,266 |
$-266,298 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,529,664 |
$292,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,529,664 |
$469,395 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/26/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| The Shift | 11/15/2023 | Angel Funding | - | $618,000 | Revenue Share | Funded | RegCF |
| The Shift | 10/18/2022 | Angel Funding | - | $0 | Equity - Preferred | Funded | RegCF |
| The Shift | 04/28/2021 | Angel Funding | - | $0 | Equity - Preferred | Funded | RegCF |
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