Data / Crowdfunding / Virginia / Arepa Zone LLC
Arepa Zone LLC: crowdfunding raise on SMBX, Inc., $100,000 to $500,000 (2022)
Arepa Zone LLC, a limited liability company in Fairfax, VA, filed a Form C with the SEC on September 27, 2022 to raise $100,000 to $500,000 in debt through SMBX, Inc.. The offering closed on October 20, 2022. In its most recent fiscal year it reported $2,577,433 in revenue and $862,146 in net income, with 52 employees.
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- Website
- arepazone.com
- Funding portal
- SMBX, Inc.
- Address
- 3160 SPRING STREET, UNIT B, Fairfax, VA 22031
- Legal form
- Limited Liability Company
- Jurisdiction
- DC
- Incorporated
- October 13, 2013
- SEC CIK
- 0001934595
Offering terms
From the amendment filed September 27, 2022.
- Security
- Debt
- Price
- $10.00
- Target
- $100,000
- Maximum
- $500,000
- Deadline
- October 20, 2022
- Portal compensation
- SMBX will not be charging a capital raise fee as these bonds are part of the DC Rebuild Program.
Financials
From the Form C/A filed September 27, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,577,433 | $1,939,293 | sec.gov |
| Cost of goods sold | $1,118,355 | $714,319 | sec.gov |
| Net income | $862,146 | $-159,258 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,991,878 | $1,382,736 | sec.gov |
| Cash | $93,200 | $287,386 | sec.gov |
| Accounts receivable | $5,872 | $5,124 | sec.gov |
| Short-term debt | $465,055 | $343,541 | sec.gov |
| Long-term debt | $865,688 | $1,065,626 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 27, 2022 | Amendment | $100,000 | $500,000 | October 20, 2022 | Revised for material changes on September 27, 2022. Amendment for: a) extension of offering close date from October 4, 2022, to October 20, 2022 and b) changes to financial statements to reflect recommendations by their CPA during their Financial Review | sec.gov |
| June 29, 2022 | Offering | $100,000 | $500,000 | October 4, 2022 | sec.gov |
Updated September 27, 2022. 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.