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Operating

FT1 Inc.

Fintech · Merrick, NY · Founded 2019

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FundtheFirst.com is a verified crowdfunding platform for our nation's heroes.

Valuation cap ⓘ
$6.0M
As of Aug 2021 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$552,997
Crowd $118K · Private $435K · 2 rounds since 2020

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$2K
−$12K
2019
$36K
−$212K
2020
$123K
−$149K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021
Income statement
Revenue
$1,672
$35,991
$123,451
Cost of goods sold
$353
$638
$1,157
Gross margin
79%
98%
99%
Net income
-$11,907
-$211,543
-$148,692
Taxes paid
$0
$0
$647
Balance sheet
Cash
$1,598
$583,535
$1,008,165
Accounts receivable
$0
$0
$0
Total assets
$1,598
$689,675
$1,131,041
Short-term debt
$0
$0
$0
Long-term debt
$0
$0
$0
Total liabilities
$0
$0
$0
Other
Headcount
—
3
2

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
$6.0M
Valuation cap
Reg CF · SAFE · Apr 2021

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 · SAFE · Apr 2021Closedvia Republic
Raised $118K / $1.1MInvestors 123Valuation cap $6M
Reg D · Equity · Apr 2020Closed
Raised $435KInvestors 42

Team

5 people
/s/ Robert Garland
Chief Executive Officer and Director
/s/ Ashton Reagin
Chief Operating Officer and Director
/s/ John Eichhorn
Chief Compliance Officer and Director
/s/ Kevin Darcey
Chief Marketing Officer and Director
/s/ Michael LaLuna
Chief Financial Officer and Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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 requiredFiled Form C-TR (terminated reporting)

Filed 1 of 5 annual reports (FY2021–FY2025)

123 investors
holder-count proxy

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

SEC filings

  • Form C-ARApr 28, 20220001857219-22-000003
    EDGAR
  • Form C-TRApr 28, 20220001811447-22-000004
    EDGAR
  • Form C-USep 1, 20210001811447-21-000002
    EDGAR
  • Form C/AAug 12, 20210001174199-21-000005
    EDGAR
  • Form CApr 12, 20210001062993-21-003569
    EDGAR
  • Form DMay 6, 20200001811447-20-000001
    EDGAR
Source: ManualCIK 0001811447NY

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.