Data / Crowdfunding / Pennsylvania / Baked True North LLC
Baked True North LLC: crowdfunding raise on Honeycomb Portal LLC, $120,000 to $175,000 (2021)
Baked True North LLC, a limited liability company in Bellevue, PA, filed a Form C with the SEC on November 18, 2021 to raise $120,000 to $175,000 in debt through Honeycomb Portal LLC. The offering closed on January 3, 2022. In its most recent fiscal year it reported $362,620 in revenue and a net loss of $12,358, with 14 employees.
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- Website
- bakedtruenorth.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 646 NORTH AVE, Bellevue, PA 15202
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- December 21, 2016
- SEC CIK
- 0001893970
Offering terms
From the offering filed November 18, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $120,000
- Maximum
- $175,000
- Deadline
- January 3, 2022
- 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-AR filed April 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $362,620 | $60,365 | sec.gov |
| Cost of goods sold | $101,193 | $33,696 | sec.gov |
| Net income | $-12,358 | $6,825 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $184,044 | $38,388 | sec.gov |
| Cash | $68,710 | $38,388 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $3,209 | $0 | sec.gov |
| Long-term debt | $131,845 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| January 27, 2022 | Progress update | $120,000 | $175,000 | January 3, 2022 | Total raised $173,160 | sec.gov |
| November 18, 2021 | Offering | $120,000 | $175,000 | January 3, 2022 | sec.gov |
Updated April 30, 2024. 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.