Data / Crowdfunding / Georgia / Cereal Lab LLC
Cereal Lab LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $100,000 (2023)
Cereal Lab LLC, a limited liability company in Decatur, GA, filed a Form C with the SEC on June 14, 2023 to raise $50,000 to $100,000 in debt through Honeycomb Portal LLC. The offering closed on July 31, 2023. In its most recent fiscal year it reported $42,811 in revenue and $1,654 in net income, with 7 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.thecereallab.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 335 W PONCE DE LEON AVE SUITE D, Decatur, GA 30030
- Legal form
- Limited Liability Company
- Jurisdiction
- GA
- Incorporated
- February 20, 2018
- SEC CIK
- 0001978317
Offering terms
From the offering filed June 14, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- July 31, 2023
- 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 August 25, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $42,811 | $32,579 | sec.gov |
| Cost of goods sold | $12,789 | $12,219 | sec.gov |
| Net income | $1,654 | $-6,036 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $39,797 | $28,576 | sec.gov |
| Cash | $8,482 | $715 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $13,612 | $192 | sec.gov |
| Long-term debt | $23,900 | $23,900 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 25, 2023 | Progress update | $50,000 | $100,000 | July 31, 2023 | Total raised $51,200.00 | sec.gov |
| June 14, 2023 | Offering | $50,000 | $100,000 | July 31, 2023 | sec.gov |
Updated August 25, 2023. 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.