Truth & Conviction
Early Stage
Watch The Highest Rated Concept Footage (Torch) in Angel Studios' History
Overview
Raised: $277,025
Total Commitments ($USD)
Platform
Angel Funding
Start Date
06/07/2023
Close Date
06/28/2023
Min. Goal
$100,000
Max. Goal
$4,395,000
Min. Investment
$50
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$13,192
# of Investors
671
Momentum
Funded
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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 $100,000 and a maximum target of $4.4 million. The campaign proceeds will be used for hiring, greenlight production of the series, and post-production of the series.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,582 |
$-2,430 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$836,164 |
$226,954 |
|
Accounts Receivable |
$5,000 |
$0 |
|
Total Assets |
$2,202,859 |
$787,750 |
|
Short-Term Debt |
$1,031,922 |
$250,223 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,031,922 |
$250,223 |
Financials as of: 06/07/2023
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