Data / Crowdfunding / Pennsylvania / Driftwood Oven LLC
Driftwood Oven LLC: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $150,000 (2020)
Driftwood Oven LLC, a limited liability company in Pittsburgh, PA, filed a Form C with the SEC on December 14, 2020 to raise $60,000 to $150,000 in debt through Honeycomb Portal LLC. The offering closed on January 26, 2021. In its most recent fiscal year it reported $1,422,118 in revenue and $23,101 in net income, with 14 employees.
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- Website
- www.driftwoodoven.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 3615 BUTLER ST, Pittsburgh, PA 15201
- Legal form
- Limited Liability Company
- Jurisdiction
- PA
- Incorporated
- June 26, 2015
- SEC CIK
- 0001834389
Offering terms
From the amendment filed December 14, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $150,000
- Deadline
- January 26, 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-U filed January 13, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,422,118 | $731,226 | sec.gov |
| Cost of goods sold | $465,771 | $237,623 | sec.gov |
| Net income | $23,101 | $45,610 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $234,243 | $200,368 | sec.gov |
| Cash | $110,461 | $53,159 | sec.gov |
| Accounts receivable | $4,954 | $0 | sec.gov |
| Short-term debt | $50,112 | $2,439 | sec.gov |
| Long-term debt | $139,805 | $157,322 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 13, 2021 | Progress update | $60,000 | $150,000 | January 26, 2021 | Offering completed. $150,000 raised. | sec.gov |
| December 14, 2020 | Amendment | $60,000 | $150,000 | January 26, 2021 | Update to Financial Information section | sec.gov |
| December 2, 2020 | Offering | $60,000 | $150,000 | January 26, 2021 | sec.gov |
Updated January 13, 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.