Data / Crowdfunding / California / Compostable Inc.
Compostable Inc.: crowdfunding raise on Honeycomb Portal LLC, $30,000 to $60,000 (2020)
Compostable Inc., a corporation in Venice, CA, filed a Form C with the SEC on November 19, 2020 to raise $30,000 to $60,000 in debt through Honeycomb Portal LLC. The offering closed on January 12, 2021. In its most recent fiscal year it reported $79,377 in revenue and $8,380 in net income, with 6 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.compostablela.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 313 GRAND BLVD #226, Venice, CA 90291
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- April 27, 2020
- SEC CIK
- 0001833081
Offering terms
From the offering filed November 19, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $30,000
- Maximum
- $60,000
- Deadline
- January 12, 2021
- 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
Financials
From the Form C-AR filed February 10, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $79,377 | $0 | sec.gov |
| Cost of goods sold | $41,221 | $0 | sec.gov |
| Net income | $8,380 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $72,795 | $0 | sec.gov |
| Cash | $59,138 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $15,449 | $0 | sec.gov |
| Long-term debt | $55,270 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 10, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 22, 2020 | Progress update | $30,000 | $60,000 | January 12, 2021 | Total raised $60,000 | sec.gov |
| November 19, 2020 | Offering | $30,000 | $60,000 | January 12, 2021 | sec.gov |
Updated February 10, 2021. 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.