ACFN Franchised Inc.

CIK: 1944335CAIncorporated: 2002-10-03

Current Offering

$25,000
Target Amount
$5,000,000
Maximum Amount
2023-04-20
Deadline

Security Details

Type: Crowd SAFE (Simple Agreement for Future Equity)
Price per share: $1.00
Shares offered: 25,000+

Offering Costs

Cash commission: 6%
At the conclusion of the offering, the issuer shall pay a fee of a) six percent (6%) of any amounts raised up to two million dollars ($0 - $2,000,000) in the offering to the Intermediary, b) four percent (4%) of any amounts raised exceeding two million dol
Equity compensation: 2%
The Intermediary will also receive compensation in the form of securities equal to one and one-half percent (1.5%) of the total number of the securities sold in the offering.

Financial Reports

Offering via Republic

Offering History

As of 2022-10-05
Raising $25,000 -$5,000,000 via 25,000+ shares of crowd SAFE (Simple Agreement for Future Equity) at $1.00 per share
Deadline: 2023-04-20
Filing date2022-10-05
Current employees18
Act received most recent fiscal year$23,618
Act received prior fiscal year$52,271
Cash equi most recent fiscal year$1,153,502
Cash equi prior fiscal year$563,996
Cost goods sold most recent fiscal year$10,714,394
Cost goods sold prior fiscal year$7,393,088
Long term debt most recent fiscal year$1,006,315
Long term debt prior fiscal year$1,091,131
Net income most recent fiscal year$613,345
Net income prior fiscal year-$1,212,513.00
Revenue most recent fiscal year$12,703,113
Revenue prior fiscal year$9,106,113
Short term debt most recent fiscal year$1,710,489
Short term debt prior fiscal year$1,662,493
Tax paid most recent fiscal year$800.00
Tax paid prior fiscal year$2,790
Total asset most recent fiscal year$1,734,858
Total asset prior fiscal year$1,373,843

Company Information

Corporation
CA
2002-10-03

Latest Metrics

Employees18
Total Assets$1,734,858
Cash on Hand$1,153,502
Revenues$12,703,113
Net Income$613,345

Crowdfunding Portals

This company is raising funds through this portal