Data / Crowdfunding / Maryland / Chicago Steak Company, Inc.
Chicago Steak Company, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2018)
Chicago Steak Company, Inc., a corporation in Rockville, MD, filed a Form C with the SEC on January 31, 2018 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on January 31, 2018. In its most recent fiscal year it reported $3,384,578 in revenue and $44,814 in net income, with 17 employees.
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- Website
- www.mychicagosteak.com
- Funding portal
- Wefunder Portal LLC
- Address
- 9200 Corporate Blvd, Rockville, MD 20850
- Legal form
- Corporation
- Jurisdiction
- MD
- Incorporated
- October 26, 2007
- SEC CIK
- 0001682209
Offering terms
From the amendment filed January 31, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- January 31, 2018
- Portal compensation
- 3.0% of the offering amount upon a successful fundraise
Financials
From the Form C-AR filed April 28, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,384,578 | $3,202,193 | sec.gov |
| Cost of goods sold | $2,203,784 | $2,120,037 | sec.gov |
| Net income | $44,814 | $22,187 | sec.gov |
| Taxes paid | $17,019 | $9,285 | sec.gov |
| Total assets | $1,060,499 | $1,086,011 | sec.gov |
| Cash | $1,001,130 | $1,019,592 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $861,781 | $914,021 | sec.gov |
| Long-term debt | $63,261 | $67,086 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 18, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| January 31, 2018 | Amendment | $50,000 | $1,000,000 | January 31, 2018 | Converted from S-Corp to C-Corp, included video transcripts, and updated business plan. | sec.gov |
| August 31, 2017 | Amendment | $50,000 | $1,000,000 | January 31, 2018 | Extend deadline to 1/31/18 | sec.gov |
| May 19, 2017 | Amendment | $50,000 | $1,000,000 | September 1, 2017 | Include 2016 financial statements. Amend profile to reflect correct growth rate. Extend deadline date to 9/1/17. | sec.gov |
| March 8, 2017 | Offering | $50,000 | $1,000,000 | September 1, 2017 | sec.gov |
Updated April 28, 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.