Data / Crowdfunding / Maryland / Bump 'n Grind LLC
Bump 'n Grind LLC: crowdfunding raise on Honeycomb Portal LLC, $35,000 to $65,000 (2024)
Bump 'n Grind LLC, a limited liability company in Silver Spring, MD, filed a Form C with the SEC on April 24, 2024 to raise $35,000 to $65,000 in debt through Honeycomb Portal LLC. The offering closed on June 6, 2024. In its most recent fiscal year it reported $326,818 in revenue and a net loss of $102,050, with 10 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.bumpngrind.co
- Funding portal
- Honeycomb Portal LLC
- Address
- 923 GIST AVE, Silver Spring, MD 20910
- Legal form
- Limited Liability Company
- Jurisdiction
- MD
- Incorporated
- February 11, 2013
- SEC CIK
- 0002014199
Offering terms
From the amendment filed April 24, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $35,000
- Maximum
- $65,000
- Deadline
- June 6, 2024
- 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 June 20, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $326,818 | $369,567 | sec.gov |
| Cost of goods sold | $102,823 | $119,080 | sec.gov |
| Net income | $-102,050 | $-69,189 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $662,419 | $518,747 | sec.gov |
| Cash | $220,324 | $109,559 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $10,463 | $10,432 | sec.gov |
| Long-term debt | $887,884 | $637,400 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 20, 2024 | Progress update | $35,000 | $65,000 | June 6, 2024 | Total raised $65,000 | sec.gov |
| April 24, 2024 | Amendment | $35,000 | $65,000 | June 6, 2024 | Update to offering statement, lowering min/max target offering amount | sec.gov |
| April 23, 2024 | Amendment | $50,000 | $100,000 | June 6, 2024 | Update to offering statement | sec.gov |
| April 22, 2024 | Offering | $50,000 | $100,000 | June 6, 2024 | sec.gov |
Updated June 20, 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.