Data / Crowdfunding / Oregon / Cascade Cultures, LLC
Cascade Cultures, LLC: crowdfunding raise on SMBX, Inc., $25,000 to $75,000 (2021)
Cascade Cultures, LLC, a limited liability company in Bend, OR, filed a Form C with the SEC on July 29, 2021 to raise $25,000 to $75,000 in debt through SMBX, Inc.. The offering closed on September 15, 2021. In its most recent fiscal year it reported $78,408 in revenue and a net loss of $15,346, with 2 employees.
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- Website
- www.sbferments.com
- Funding portal
- SMBX, Inc.
- Address
- 1375 NE 2ND STREET STE 4 / UNIT D, Bend, OR 97701
- Legal form
- Limited Liability Company
- Jurisdiction
- OR
- Incorporated
- October 9, 2018
- SEC CIK
- 0001872965
Offering terms
From the amendment filed July 29, 2021.
- Security
- Debt
- Price
- $10.00
- Target
- $25,000
- Maximum
- $75,000
- Deadline
- September 15, 2021
- Portal compensation
- For the Cascade Cultures, LLC offering, SMBX will be charging a capital raise fee of 3.5% (up to $2,625 based on the total amount raised).
Financials
From the Form C-AR filed May 24, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $78,408 | $94,115 | sec.gov |
| Cost of goods sold | $33,098 | $35,441 | sec.gov |
| Net income | $-15,346 | $-1,918 | sec.gov |
| Taxes paid | $0 | $797 | sec.gov |
| Total assets | $71,091 | $16,091 | sec.gov |
| Cash | $66,393 | $11,385 | sec.gov |
| Accounts receivable | $3,411 | $917 | sec.gov |
| Short-term debt | $9,665 | $0 | sec.gov |
| Long-term debt | $114,682 | $55,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 24, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 24, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| July 29, 2021 | Amendment | $25,000 | $75,000 | September 15, 2021 | Offering Maximum Amount has been amended from $40,000 to $75,000, the bond maturity has been amended from 3 years to 4 years and the end date of the offering has been extended from September 2, 2021 to September 15, 2021 | sec.gov |
| July 21, 2021 | Offering | $25,000 | $40,000 | September 2, 2021 | sec.gov |
Updated May 24, 2022. 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.