VSYN+
Early Stage
Your Home For Sign Language Entertainment
Overview
Raised: $100
Total Commitments ($USD)
Platform
EquityVest
Start Date
04/18/2024
Close Date
12/31/2024
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$100.00
Pre-Money Valuation
$28,765,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/01/2024
Days Remaining
243
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$8
Momentum
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Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Location
Bethlehem, Pennsylvania
VSYN+, with a valuation of $28.8 million, is raising funds on EquityVest. It is the new home of sign language entertainment and offers high-quality movies and shows. VSYN+ movies and shows are created by talented deaf filmmakers and creators and are dedicated to people with hearing disabilities. The platform works on a subscription-based model and generates revenue from subscriptions, advertising, sponsorship, live events, and merchandise. Johnathan Adair and Todd Donnelly founded VSYN+ in January 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, future wages, accrued wages, debt repayment, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$5,866 |
$0 |
|
COGS |
$145,589 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,842,281 |
$-1,199,572 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$15,884 |
$4,859 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,758,187 |
$1,090,615 |
|
Short-Term Debt |
$1,005,000 |
$439,079 |
|
Long-Term Debt |
$237,804 |
$237,804 |
|
Total Liabilities |
$1,242,804 |
$676,883 |
Financials as of: 04/18/2024
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