Data / Crowdfunding / California / Down to Cook, Inc.
Down to Cook, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2022)
Down to Cook, Inc., a corporation in El Cerrito, CA, filed a Form C with the SEC on March 30, 2022 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on April 28, 2022. In its most recent fiscal year it reported $264,682 in revenue and a net loss of $97,095.
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- Website
- www.downtocookfoods.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1416 DEVONSHIRE DRIVE, El Cerrito, CA 94530
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 15, 2019
- SEC CIK
- 0001834769
Offering terms
From the amendment filed March 30, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- April 28, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed May 2, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $264,682 | $19,336 | sec.gov |
| Cost of goods sold | $178,169 | $11,881 | sec.gov |
| Net income | $-97,095 | $-24,331 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $207,432 | $98,478 | sec.gov |
| Cash | $27,963 | $64,698 | sec.gov |
| Accounts receivable | $296 | $330 | sec.gov |
| Short-term debt | $87,060 | $2,560 | sec.gov |
| Long-term debt | $80,000 | $140,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2022 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 30, 2022 | Amendment | $25,000 | $1,070,000 | April 28, 2022 | This non-material amendment is filed to note the change in Escrow Agent. | sec.gov |
| February 17, 2022 | Offering | $25,000 | $1,070,000 | April 28, 2022 | sec.gov |
Updated May 2, 2022. 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.