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The Free Spirits Company

Operating

TFSC Inc

Food & Beverage · Packaged Drink · Mill Valley, CA · Founded 2022

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Leading the global shift in drinking culture | Non-alcoholic spirits & liqueurs

Valuation cap ⓘ
$21.0M
As of Jun 2023 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$4,557,470
Crowd $138K · Private $4.4M · 6 rounds since 2020
Latest share price
$0.1612
Rule 506(b) · Common Stock · May 2022 offering price

Financials

FY2021–FY2022 · from SEC filings · hover any figure for its source
$0
2021
$1.6M
−$835K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed*
FY2022 reviewed*
Income statement
Revenue
$0
$1,624,827
Cost of goods sold
$0
$613,764
Gross margin
—
62%
Net income
$0
-$835,212
Taxes paid
$0
$0
Balance sheet
Cash
$0
$137,565
Accounts receivable
$0
$61,242
Total assets
$0
$707,806
Short-term debt
$0
$1,117,494
Long-term debt
$0
$13,675
Total liabilities
$0
$1,131,169
Other
Headcount
—
7

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
$21.0M
Valuation cap
Reg CF · SAFE · Apr 2023

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 2023Closedvia Republic
Raised $137.8K / $1.2MInvestors 273Valuation cap $21M
Rule 506(c) · Sep 2022Closed
Raised $1.4MInvestors 12
Rule 506(b) · Common Stock · May 2022Closed
Raised $354.5K
Rule 506(b) · SAFEs · Jan 2021Closed
Raised $1.3M
Rule 506(c) · Nov 2021Closed
Raised $1.1MInvestors 18
Rule 506(c) · Equity · Aug 2020Closed
Raised $354.5KInvestors 18

Team

1 person
Milan MartinFounder
Founder, President/CEO, Treasurer/CFO, Secretary 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

Delinquent

Filed 0 of 3 annual reports (FY2023–FY2025)

Missing: 2023, 2024, 2025

273 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-UJun 14, 20230001958449-23-000011
    EDGAR
  • Form D/AMay 22, 20230001958449-23-000010
    EDGAR
  • Form CApr 3, 20230001958449-23-000009
    EDGAR
  • Form D/AMar 24, 20230001958449-23-000008
    EDGAR
  • Form DMar 21, 20230001958449-23-000007
    EDGAR
  • Form DMar 21, 20230001958449-23-000006
    EDGAR
  • Form DMar 21, 20230001958449-23-000005
    EDGAR
Source: ManualCIK 0001958449DEShare price $0.1612

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.