Arena Music

Operating

Simple Machine, LLC

Media & Entertainment · Phoenix, AZ

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Valuation cap ⓘ

$20.0M

As of Dec 2018 · from Reg CF Offering (2018-07-02) · a SAFE/note conversion ceiling, not a priced valuation

Total raised

Across 2 rounds since 2018

Financials

FY2015–FY2017 · from SEC filings · hover any figure for its source

$11K

−$9K

2015

$921K

$590K

2016

$2.1M

$621K

2017

RevenueNet income — beside revenue when positive, below the line when a loss

Metric

FY2015 reviewed*

FY2016 reviewed*

FY2017 reviewed*

Income statement

Revenue

$10,779

$921,123

$2,066,928

Cost of goods sold

$16,002

$201,594

$783,944

Gross margin

-48%

78%

62%

Net income

-$8,824

$589,984

$620,524

Taxes paid

Balance sheet

Cash

$12,659

$19,321

$34,043

Accounts receivable

$65,945

Total assets

$12,659

$280,052

$59,898

Short-term debt

$20,857

Long-term debt

Total liabilities

$20,857

Other

Headcount

—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds

$20.0M

Valuation cap

Reg CF · Note · Jul 2018

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Jul 2018Closedvia WeFunder

Raised $0 / $500KValuation cap $20M

Reg CF · Convertible Note · Mar 2018Closedvia WeFunder

Raised $0 / $750K

Team

2 people

Damon EvansFounder

Founder & CEO Arena Music

John Chipps-Harding

CTO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not obligated

never closed a Reg CF raise

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

Form CJul 2, 20180001670254-18-000333
EDGAR
Form CMar 23, 20180001670254-18-000092
EDGAR

Source: ManualCIK 0001718056AZ

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.