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Entertainment Arts plans $3M stock offering

ENTERTAINMENT ARTS RESEARCH, INC.

(Neutral)
(Neutral)
Form Type
1-A/A

Rhea-AI Filing Summary

ENTERTAINMENT ARTS RESEARCH, INC. (EARI) has filed a Regulation A offering to sell 600,000,000 shares of common stock at $0.005 per share, for a total aggregate offering price of $3,000,000, including $2,800,000 on behalf of the company and $200,000 by selling securityholders. Estimated net proceeds to the issuer are $2,775,000. The company reports total assets of $1,390,000, total liabilities of $5,568,042, and stockholders’ equity of -$4,178,042. For the period shown, it had no revenues and a net loss of $200,554. EARI has 5,420,503,512 common shares and 95,830,615 preferred shares outstanding, with its common stock quoted on OTCID.

Positive

  • None.

Negative

  • None.

Filing Explained

The filing separately reports that 5,395,303,512 common shares were issued within the year before filing for aggregate consideration of $0. This adds a recent zero-consideration issuance record to the disclosure, but does not establish that those shares were sold under the proposed offering.

Aggregate offering price $3,000,000 600,000,000 common shares at $0.005 per share under Regulation A
Net proceeds to issuer $2,775,000 Estimated net proceeds from the Regulation A offering
Total assets $1,390,000 Balance sheet total assets
Total liabilities $5,568,042 Balance sheet total liabilities
Stockholders’ equity -$4,178,042 Balance sheet total stockholders’ equity (deficit)
Net income (loss) -$200,554 Net loss for the reported period
Common shares outstanding 5,395,303,512 shares Number of common shares of that class outstanding referenced in the offering section
Preferred shares outstanding 95,830,615 shares Preferred equity units outstanding
Regulation A regulatory
"Form 1-A Regulation A offering statement under the Securities Act of 1933"
Regulation A is a U.S. securities rule that lets smaller or growing companies offer shares to the public with simpler paperwork and lower costs than a full stock market listing, acting as a middle ground between private fundraising and a traditional public offering. For investors it matters because it opens access to early-stage opportunities that would otherwise be private, but these offerings can carry higher risk and different disclosure standards than large, fully listed companies.
aggregate offering price financial
"definition of "aggregate offering price" or "aggregate sales" as used in this item"
The aggregate offering price is the total dollar amount that will be raised if all the securities in an offering are sold at the stated offering price, before fees or expenses are taken out. Investors use it to gauge the size of the fundraising and its potential effects—such as how much cash the company will get and how much existing ownership might be reduced—similar to totaling every item’s price in a shopping cart to see the full bill.
Blue Sky Compliance regulatory
"Blue Sky Compliance - Fees $ 20000.00"
unregistered securities regulatory
"Unregistered securities issued or sold within one year"
Offering Type other

FAQ

What is EARI offering in its Form 1-A/A Regulation A filing?

EARI is offering 600,000,000 shares of common stock at $0.005 per share under Regulation A, for a total aggregate offering price of $3,000,000, including $2,800,000 for the issuer and $200,000 for selling securityholders.

How much cash does EARI expect to receive from this Regulation A offering (EARI)?

The filing states estimated net proceeds to the issuer of $2,775,000 from the Regulation A offering after anticipated offering-related fees such as $5,000 in legal fees and $20,000 for Blue Sky compliance.

What is EARI’s current financial position based on the Form 1-A/A?

EARI reports total assets of $1,390,000, total liabilities of $5,568,042, and total stockholders’ equity of -$4,178,042, indicating a stockholders’ deficit as of the balance sheet date presented.

Is EARI currently generating revenue according to the Form 1-A/A filing?

No. The income statement in the filing shows total revenues of $0 and a net loss of $200,554 for the reported period, with $125,114 of costs and expenses applicable to revenues and $0 in depreciation and amortization.

How many EARI shares are currently outstanding before the new offering?

The filing lists 5,395,303,512 common shares of EARI outstanding when describing the offering, and a separate table shows 5,420,503,512 common equity units outstanding, plus 95,830,615 preferred equity units outstanding.

Where is EARI’s common stock quoted and what is its CUSIP?

EARI’s common stock is quoted on OTCID and the filing lists the common equity CUSIP as 29382T400. The preferred stock has no trading venue listed and is shown with a CUSIP of 00000none.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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1-A: Filer Information

Issuer CIK0001083468
Issuer CCCXXXXXXXX
DOS File Number
Offering File Number024-12788
Is this a LIVE or TEST Filing? LIVE TEST
Would you like a Return Copy?
Notify via Filing Website only?
Since Last Filing?

Submission Contact Information

Name
Phone
E-Mail Address

1-A: Item 1. Issuer Information

Issuer Infomation

Exact name of issuer as specified in the issuer's charter

ENTERTAINMENT ARTS RESEARCH, INC.

Jurisdiction of Incorporation / Organization

NEVADA

Year of Incorporation

1999

CIK

0001083468

Primary Standard Industrial Classification Code

WHOLESALE-MISCELLANEOUS NONDURABLE GOODS

I.R.S. Employer Identification Number

88-0422950

Total number of full-time employees

1

Total number of part-time employees

0

Contact Infomation

Address of Principal Executive Offices

Address 1

9107 W RUSSELL RD

Address 2

SUITE 100

City

LAS VEGAS

State/Country

NEVADA

Mailing Zip/ Postal Code

89148

Phone

954-445-6512

Provide the following information for the person the Securities and Exchange Commission's staff should call in connection with any pre-qualification review of the offering statement.

Name

WILLIAM COOGAN

Address 1

Address 2

City

State/Country

Mailing Zip/ Postal Code

Phone

Provide up to two e-mail addresses to which the Securities and Exchange Commission's staff may send any comment letters relating to the offering statement. After qualification of the offering statement, such e-mail addresses are not required to remain active.

Financial Statements

Use the financial statements for the most recent period contained in this offering statement to provide the following information about the issuer. The following table does not include all of the line items from the financial statements. Long Term Debt would include notes payable, bonds, mortgages, and similar obligations. To determine "Total Revenues" for all companies selecting "Other" for their industry group, refer to Article 5-03(b)(1) of Regulation S-X. For companies selecting "Insurance", refer to Article 7-04 of Regulation S-X for calculation of "Total Revenues" and paragraphs 5 and 7 of Article 7-04 for "Costs and Expenses Applicable to Revenues".

Industry Group (select one) Banking Insurance Other

Balance Sheet Information

Cash and Cash Equivalents

$ 0.00

Investment Securities
$ 0.00
Total Investments

$

Accounts and Notes Receivable

$ 0.00

Loans

$

Property, Plant and Equipment (PP&E):

$ 0.00

Property and Equipment

$

Total Assets

$ 1390000.00

Accounts Payable and Accrued Liabilities

$ 409246.00

Policy Liabilities and Accruals

$

Deposits

$

Long Term Debt

$ 5158796.00

Total Liabilities

$ 5568042.00

Total Stockholders' Equity

$ -4178042.00

Total Liabilities and Equity

$ 1390000.00

Statement of Comprehensive Income Information

Total Revenues

$ 0.00

Total Interest Income

$

Costs and Expenses Applicable to Revenues

$ 125114.00

Total Interest Expenses

$

Depreciation and Amortization

$ 0.00

Net Income

$ -200554.00

Earnings Per Share - Basic

$ 0.00

Earnings Per Share - Diluted

$ 0.00

Name of Auditor (if any)

Outstanding Securities

Common Equity

Name of Class (if any) Common Equity

Common Stock

Common Equity Units Outstanding

5420503512

Common Equity CUSIP (if any):

29382T400

Common Equity Units Name of Trading Center or Quotation Medium (if any)

OTCID

Preferred Equity

Preferred Equity Name of Class (if any)

Preferred Stock

Preferred Equity Units Outstanding

95830615

Preferred Equity CUSIP (if any)

00000none

Preferred Equity Name of Trading Center or Quotation Medium (if any)

none

Debt Securities

Debt Securities Name of Class (if any)

none

Debt Securities Units Outstanding

0

Debt Securities CUSIP (if any):

00000none

Debt Securities Name of Trading Center or Quotation Medium (if any)

none

1-A: Item 2. Issuer Eligibility

Issuer Eligibility

Check this box to certify that all of the following statements are true for the issuer(s)

  • Organized under the laws of the United States or Canada, or any State, Province, Territory or possession thereof, or the District of Columbia.
  • Principal place of business is in the United States or Canada.
  • Not subject to section 13 or 15(d) of the Securities Exchange Act of 1934.
  • Not a development stage company that either (a) has no specific business plan or purpose, or (b) has indicated that its business plan is to merge with an unidentified company or companies.
  • Not an investment company registered or required to be registered under the Investment Company Act of 1940.
  • Not issuing fractional undivided interests in oil or gas rights, or a similar interest in other mineral rights.
  • Not issuing asset-backed securities as defined in Item 1101 (c) of Regulation AB.
  • Not, and has not been, subject to any order of the Commission entered pursuant to Section 12(j) of the Exchange Act (15 U.S.C. 78l(j)) within five years before the filing of this offering statement.
  • Has filed with the Commission all the reports it was required to file, if any, pursuant to Rule 257 during the two years immediately before the filing of the offering statement (or for such shorter period that the issuer was required to file such reports).

1-A: Item 3. Application of Rule 262

Application Rule 262

Check this box to certify that, as of the time of this filing, each person described in Rule 262 of Regulation A is either not disqualified under that rule or is disqualified but has received a waiver of such disqualification.

Check this box if "bad actor" disclosure under Rule 262(d) is provided in Part II of the offering statement.

1-A: Item 4. Summary Information Regarding the Offering and Other Current or Proposed Offerings

Summary Infomation

Check the appropriate box to indicate whether you are conducting a Tier 1 or Tier 2 offering Tier1 Tier2
Check the appropriate box to indicate whether the financial statements have been audited Unaudited Audited
Types of Securities Offered in this Offering Statement (select all that apply)
Equity (common or preferred stock)

The information called for by this item below may be omitted if undetermined at the time of filing or submission, except that if a price range has been included in the offering statement, the midpoint of that range must be used to respond. Please refer to Rule 251(a) for the definition of "aggregate offering price" or "aggregate sales" as used in this item. Please leave the field blank if undetermined at this time and include a zero if a particular item is not applicable to the offering.

Price per security $ 0.0050
The portion of the aggregate offering price attributable to securities being offered on behalf of the issuer $ 2800000.00
The portion of the aggregate offering price attributable to securities being offered on behalf of selling securityholders $ 200000.00
The portion of the aggregate offering price attributable to all the securities of the issuer sold pursuant to a qualified offering statement within the 12 months before the qualification of this offering statement $ 0.00
The estimated portion of aggregate sales attributable to securities that may be sold pursuant to any other qualified offering statement concurrently with securities being sold under this offering statement $ 0.00
Total (the sum of the aggregate offering price and aggregate sales in the four preceding paragraphs) $ 3000000.00

Anticipated fees in connection with this offering and names of service providers

Underwriters - Name of Service Provider Underwriters - Fees $
Sales Commissions - Name of Service Provider Sales Commissions - Fee $
Finders' Fees - Name of Service Provider Finders' Fees - Fees $
Accounting or Audit - Name of Service Provider Accounting or Audit - Fees $
Legal - Name of Service Provider Donald KeerLegal - Fees $ 5000.00
Promoters - Name of Service Provider Promoters - Fees $
Blue Sky Compliance - Name of Service Provider variousBlue Sky Compliance - Fees $ 20000.00
CRD Number of any broker or dealer listed:
Estimated net proceeds to the issuer $ 2775000.00
Clarification of responses (if necessary)

1-A: Item 5. Jurisdictions in Which Securities are to be Offered

Jurisdictions in Which Securities are to be Offered

Using the list below, select the jurisdictions in which the issuer intends to offer the securities

Selected States and Jurisdictions

COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
ILLINOIS
IOWA
NEVADA
NEW JERSEY
NEW YORK
TEXAS
WYOMING

Using the list below, select the jurisdictions in which the securities are to be offered by underwriters, dealers or sales persons or check the appropriate box

None
Same as the jurisdictions in which the issuer intends to offer the securities
Selected States and Jurisdictions

COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
ILLINOIS
IOWA
NEVADA
NEW JERSEY
NEW YORK
TEXAS
WYOMING

1-A: Item 6. Unregistered Securities Issued or Sold Within One Year

Unregistered Securities Issued or Sold Within One Year

None

Unregistered Securities Issued

As to any unregistered securities issued by the issuer of any of its predecessors or affiliated issuers within one year before the filing of this Form 1-A, state:

(a)Name of such issuerEntertainment Arts Research, Inc.
(b)(1) Title of securities issuedCommon Stock
(2) Total Amount of such securities issued5395303512
(3) Amount of such securities sold by or for the account of any person who at the time was a director, officer, promoter or principal securityholder of the issuer of such securities, or was an underwriter of any securities of such issuer.0
(c)(1) Aggregate consideration for which the securities were issued and basis for computing the amount thereof.0
(2) Aggregate consideration for which the securities listed in (b)(3) of this item (if any) were issued and the basis for computing the amount thereof (if different from the basis described in (c)(1)).

Unregistered Securities Act

(d) Indicate the section of the Securities Act or Commission rule or regulation relied upon for exemption from the registration requirements of such Act and state briefly the facts relied upon for such exemption Securities Act Section 4(2)