Data / Crowdfunding / Maryland / Garrett Music Academy, LLC
Garrett Music Academy, LLC: crowdfunding raise on SMBX, Inc., $25,000 to $125,000 (2021)
Garrett Music Academy, LLC, a limited liability company in Owings, MD, filed a Form C with the SEC on August 23, 2021 to raise $25,000 to $125,000 in debt through SMBX, Inc.. The offering closed on October 27, 2021. In its most recent fiscal year it reported $289,671 in revenue and a net loss of $43,815, with 2 employees.
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- Website
- garrettmusicacademy.mymusicstaff.com
- Funding portal
- SMBX, Inc.
- Address
- 2021 CHANEYVILLE ROAD, Owings, MD 20736
- Legal form
- Limited Liability Company
- Jurisdiction
- MD
- Incorporated
- May 21, 2004
- SEC CIK
- 0001879092
Offering terms
From the offering filed August 23, 2021.
- Security
- Debt
- Price
- $10.00
- Target
- $25,000
- Maximum
- $125,000
- Deadline
- October 27, 2021
- Portal compensation
- For the Garrett Music Academy, LLC's offering, SMBX will be charging a capital raise fee of 3.5% (up to $4,375 based on the total amount raised).
Financials
From the Form C filed August 23, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $289,671 | $340,183 | sec.gov |
| Cost of goods sold | $152,331 | $162,736 | sec.gov |
| Net income | $-43,815 | $-17,739 | sec.gov |
| Taxes paid | $7,311 | $5,754 | sec.gov |
| Total assets | $207,255 | $111,570 | sec.gov |
| Cash | $6,144 | $-3,479 | sec.gov |
| Accounts receivable | $13,821 | $13,963 | sec.gov |
| Short-term debt | $113,597 | $2,290 | sec.gov |
| Long-term debt | $170,006 | $141,813 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 23, 2021 | Offering | $25,000 | $125,000 | October 27, 2021 | sec.gov |
Updated August 23, 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.