Data / Crowdfunding / Illinois / BrokenSpanish, LLC
BrokenSpanish, LLC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $60,000 (2024)
BrokenSpanish, LLC, a limited liability company in Chicago, IL, filed a Form C with the SEC on December 18, 2024 to raise $25,000 to $60,000 in debt through Honeycomb Portal LLC. The offering closed on January 6, 2025. In its most recent fiscal year it reported $653,969 in revenue and a net loss of $97,312, with 10 employees.
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- Website
- www.bocadillomarket.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 525 N ADA ST APT 20, Chicago, IL 60642
- Legal form
- Limited Liability Company
- Jurisdiction
- IL
- Incorporated
- February 29, 2020
- SEC CIK
- 0001874131
Offering terms
From the amendment filed December 18, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $60,000
- Deadline
- January 6, 2025
- 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 January 27, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $653,969 | $872,944 | sec.gov |
| Cost of goods sold | $141,233 | $202,170 | sec.gov |
| Net income | $-97,312 | $-27,879 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $191,537 | $259,394 | sec.gov |
| Cash | $2,693 | $32,312 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $68,841 | $88,730 | sec.gov |
| Long-term debt | $286,182 | $330,521 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 27, 2025 | Progress update | $25,000 | $60,000 | January 6, 2025 | Total Amount Raised $35,445.19 | sec.gov |
| December 18, 2024 | Amendment | $25,000 | $60,000 | January 6, 2025 | Amend use of funds | sec.gov |
| December 18, 2024 | Amendment | $25,000 | $600,000 | January 6, 2025 | Lower target offering amount and extend target deadline | sec.gov |
| November 12, 2024 | Offering | $60,000 | $124,000 | December 13, 2024 | sec.gov | |
| September 28, 2021 | Progress update | $10,000 | $150,000 | September 24, 2021 | At the close of the offering, the issuer closed on $24,600. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| July 28, 2021 | Offering | $10,000 | $150,000 | September 24, 2021 | sec.gov |
Updated January 27, 2025. 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.