Data / Crowdfunding / Louisiana / Bancroft Automated Restaurant Systems, Inc.
Bancroft Automated Restaurant Systems, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,998 to $1,069,992 (2022)
Bancroft Automated Restaurant Systems, Inc., a corporation in Baton Rouge, LA, filed a Form C with the SEC on September 26, 2022 to raise $9,998 to $1,069,992 in Non-Voting Common Stock through StartEngine Capital, LLC. The offering closed on November 28, 2022. In its most recent fiscal year it reported $61,229 in revenue and a net loss of $372,362, with 12 employees.
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- Website
- speedy-eats.net
- Funding portal
- StartEngine Capital, LLC
- Address
- 7117 Florida Blvd, Baton Rouge, LA 70806
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 26, 2019
- SEC CIK
- 0001879069
Offering terms
From the amendment filed September 26, 2022.
- Security
- Non-Voting Common Stock
- Price
- $2.06
- Target
- $9,998
- Maximum
- $1,069,992
- Deadline
- November 28, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed September 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $61,229 | $0 | sec.gov |
| Cost of goods sold | $147,433 | $4,845 | sec.gov |
| Net income | $-372,362 | $-470,048 | sec.gov |
| Taxes paid | $2,962 | $0 | sec.gov |
| Total assets | $508,123 | $190,976 | sec.gov |
| Cash | $134,266 | $43,072 | sec.gov |
| Accounts receivable | $3,193 | $0 | sec.gov |
| Short-term debt | $840,977 | $165,951 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| December 1, 2022 | Progress update | $9,998 | $1,069,992 | November 28, 2022 | At the close of the offering, the issuer closed on $321,496.66 and 178,802 number of securities. | sec.gov |
| September 26, 2022 | Amendment | $9,998 | $1,069,992 | November 28, 2022 | Issuer is extending campaign end date. | sec.gov |
| July 27, 2022 | Amendment | $9,998 | $1,069,992 | September 27, 2022 | Issuer is extending campaign end date. | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Offering | $9,998 | $1,069,992 | July 29, 2022 | sec.gov |
Updated September 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.