Truth & Conviction
Early Stage
Watch The Highest Rated Concept Footage (Torch) in Angel Studios' History
Overview
Platform
Angel Funding
Start Date
10/25/2022
Close Date
11/22/2022
Min. Goal
$500,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Preferred
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$0
Momentum
Funded
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Location
PROVO, Utah
Truth & Conviction is raising funds on Angel Funding. It is a 4-part limited series capturing one of the most powerful stories of World War II. Truth & Conviction is based on the firsthand account of the life of Helmuth Huber by Karl-Heinz Schnibbe, one of Helmuth’s best friends. It is the first dramatic limited series about teenage resistance fighters in Nazi Germany. Russ Kendall founded Truth & Conviction in February 2017. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $5 million. The campaign proceeds will be used to produce the first season of the series.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$558,140 |
$538,225 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,430 |
$-134 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$226,954 |
$227,528 |
|
Accounts Receivable |
$33,148 |
$11,377 |
|
Total Assets |
$785,094 |
$765,753 |
|
Short-Term Debt |
$214,419 |
$214,419 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$214,419 |
$214,419 |
Financials as of: 10/25/2022
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