Data / Crowdfunding / California / BERNAL CUTLERY INC.
BERNAL CUTLERY INC.: crowdfunding raise on SMBX, Inc., $139,380 (2020)
BERNAL CUTLERY INC., a corporation in San Francisco, CA, filed a Form C with the SEC on May 8, 2020 to raise $139,380 in debt through SMBX, Inc.. The offering closed on May 8, 2020. In its most recent fiscal year it reported $1,368,283 in revenue and a net loss of $10,650, with 9 employees.
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- Website
- bernalcutlery.com
- Funding portal
- SMBX, Inc.
- Address
- 766 VALENCIA STREET, San Francisco, CA 94110
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- March 3, 2014
- SEC CIK
- 0001783698
Offering terms
From the amendment filed May 8, 2020.
- Security
- Debt
- Price
- $10.00
- Target
- $139,380
- Deadline
- May 8, 2020
- Portal compensation
- The intermediary will not be compensated for this offering.
Financials
From the Form C/A filed May 8, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,368,283 | $1,139,141 | sec.gov |
| Cost of goods sold | $542,235 | $473,193 | sec.gov |
| Net income | $-10,650 | $-8,790 | sec.gov |
| Taxes paid | $2,355 | $877 | sec.gov |
| Total assets | $435,670 | $408,863 | sec.gov |
| Cash | $37,650 | $36,665 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $226,539 | $136,318 | sec.gov |
| Long-term debt | $285,380 | $262,467 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 8, 2020 | Amendment | $139,380 | Not listed | May 8, 2020 | The final amount raised was $139,380 and the final clearing yield is 8% (interest rate at which the bonds are paid in interest). In addition, more documents have been added to the disclosures. All material changes were reconfirmed in August 2019. | sec.gov |
| September 10, 2019 | Progress update | $200,000 | Not listed | August 23, 2019 | The offering has successfully closed as of September 10, 2019, raising $139,380 total. This date includes the period for the reconfirmation and the ACH settlement processes which added an additional 2 weeks and 2 days to the target offering close date. | sec.gov |
| August 2, 2019 | Offering | $200,000 | Not listed | August 23, 2019 | sec.gov |
Updated May 8, 2020. 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.