Data / Crowdfunding / Pennsylvania / 3 Rivers Outdoor Co
3 Rivers Outdoor Co: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $100,000 (2023)
3 Rivers Outdoor Co, a limited liability company in Pittsburgh, PA, filed a Form C with the SEC on September 21, 2023 to raise $50,000 to $100,000 in debt through Honeycomb Portal LLC. The offering closed on October 23, 2023. In its most recent fiscal year it reported $769,839 in revenue and a net loss of $63,761, with 10 employees.
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- Website
- 3riversoutdoor.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1130 SOUTH BRADDOCK AVENUE, Pittsburgh, PA 15218
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- July 19, 2016
- SEC CIK
- 0001988688
Offering terms
From the amendment filed September 21, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- October 23, 2023
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed November 9, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $769,839 | $703,392 | sec.gov |
| Cost of goods sold | $402,416 | $387,491 | sec.gov |
| Net income | $-63,761 | $39,124 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $332,293 | $313,959 | sec.gov |
| Cash | $35,097 | $53,969 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $190,028 | $197,994 | sec.gov |
| Long-term debt | $59,900 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 9, 2023 | Progress update | $50,000 | $100,000 | October 23, 2023 | Total raised $100,000 | sec.gov |
| September 21, 2023 | Amendment | $50,000 | $100,000 | October 23, 2023 | Correction of qualified third party. | sec.gov |
| September 12, 2023 | Amendment | $50,000 | $100,000 | October 23, 2023 | Update to Debt Schedule. | sec.gov |
| September 7, 2023 | Withdrawal | Not listed | Not listed | sec.gov | ||
| September 7, 2023 | Offering | $50,000 | $100,000 | October 23, 2023 | sec.gov | |
| August 30, 2023 | Offering | $50,000 | $100,000 | October 16, 2023 | sec.gov |
Updated November 9, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.