Data / Crowdfunding / Texas / City Griddle, LLC
City Griddle, LLC: crowdfunding raise on NextSeed US LLC, $125,000 to $275,000 (2018)
City Griddle, LLC, a limited liability company in Dallas, TX, filed a Form C with the SEC on May 25, 2018 to raise $125,000 to $275,000 in debt through NextSeed US LLC. The offering closed on June 27, 2018. In its most recent fiscal year it reported $100,083 in revenue and a net loss of $243,990, with 5 employees.
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- Website
- louiekingbbq.com
- Funding portal
- NextSeed US LLC
- Address
- 1916 GREENVILLE AVE, Dallas, TX 75206
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- June 8, 2017
- SEC CIK
- 0001733819
Offering terms
From the amendment filed May 25, 2018.
- Security
- Debt
- Target
- $125,000
- Maximum
- $275,000
- Deadline
- June 27, 2018
- Portal compensation
- NextSeed charges 7% of the total Offering Amount; provided NextSeed will only charge 5% of amount raised from investors that were introduced by the Issuer.
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $100,083 | $0 | sec.gov |
| Cost of goods sold | $80,128 | $0 | sec.gov |
| Net income | $-243,990 | $-8,111 | sec.gov |
| Taxes paid | $251 | $0 | sec.gov |
| Total assets | $107,047 | $37,493 | sec.gov |
| Cash | $15,881 | $31,006 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $143,041 | $1,537 | sec.gov |
| Long-term debt | $152,246 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 6, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| July 10, 2018 | Progress update | $125,000 | $275,000 | June 27, 2018 | The issuer has raised $154,000. | sec.gov |
| May 25, 2018 | Amendment | $125,000 | $275,000 | June 27, 2018 | Correcting a typo in the disclosure | sec.gov |
| April 26, 2018 | Offering | $125,000 | $275,000 | June 27, 2018 | sec.gov |
Updated May 6, 2019. 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.