Data / Crowdfunding / Nevada / Crab Corner II, LLC
Crab Corner II, LLC: crowdfunding raise on NextSeed US LLC, $75,000 to $100,000 (2018)
Crab Corner II, LLC, a limited liability company in Las Vegas, NV, filed a Form C with the SEC on August 6, 2018 to raise $75,000 to $100,000 in debt through NextSeed US LLC. The offering closed on September 4, 2018. In its most recent fiscal year it reported $1,501,387 in revenue and $98,155 in net income, with 28 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.crabcornerlv.com
- Funding portal
- NextSeed US LLC
- Address
- 6485 S. RAINBOW BLVD. 104, Las Vegas, NV 89118
- Legal form
- Limited Liability Company
- Jurisdiction
- NV
- Incorporated
- September 20, 2011
- SEC CIK
- 0001739571
Offering terms
From the amendment filed August 6, 2018.
- Security
- Debt
- Target
- $75,000
- Maximum
- $100,000
- Deadline
- September 4, 2018
- Portal compensation
- NextSeed charges 10% of the Offering Amount; except NextSeed only charges 5% for investors referred by the Issuer.
Financials
From the Form C-U filed September 11, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,501,387 | $968,562 | sec.gov |
| Cost of goods sold | $865,966 | $555,992 | sec.gov |
| Net income | $98,155 | $19,835 | sec.gov |
| Taxes paid | $14,885 | $1,351 | sec.gov |
| Total assets | $144,429 | $117,923 | sec.gov |
| Cash | $-2,051 | $-4,749 | sec.gov |
| Accounts receivable | $77,252 | $45,364 | sec.gov |
| Short-term debt | $207,160 | $266,587 | sec.gov |
| Long-term debt | $38,790 | $51,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 2, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| September 11, 2018 | Progress update | $75,000 | $100,000 | September 4, 2018 | Issuer raised $81,600. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| August 6, 2018 | Amendment | $75,000 | $100,000 | September 4, 2018 | Updated discussion of capitalization. | sec.gov |
| June 20, 2018 | Offering | $75,000 | $100,000 | September 4, 2018 | sec.gov |
Updated April 2, 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.