Data / Crowdfunding / Texas / Groovy Garlic Gals, LLC
Groovy Garlic Gals, LLC: crowdfunding raise on MainVest, Inc., $20,000 to $50,000 (2021)
Groovy Garlic Gals, LLC, a limited liability company in Lockhart, TX, filed a Form C with the SEC on August 3, 2021 to raise $20,000 to $50,000 in debt through MainVest, Inc.. The offering closed on October 1, 2021. In its most recent fiscal year it reported $33,391 in revenue and $7,987 in net income, with 2 employees.
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- Website
- www.mamosgarlicsauce.com
- Funding portal
- MainVest, Inc.
- Address
- 628 S CHURCH ST, Lockhart, TX 78644
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- May 20, 2019
- SEC CIK
- 0001867311
Offering terms
From the offering filed August 3, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $20,000
- Maximum
- $50,000
- Deadline
- October 1, 2021
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed October 4, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $33,391 | $13,562 | sec.gov |
| Cost of goods sold | $7,346 | $3,315 | sec.gov |
| Net income | $7,987 | $1,792 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $11,164 | $1,385 | sec.gov |
| Cash | $9,779 | $407 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 4, 2021 | Progress update | $20,000 | $50,000 | October 1, 2021 | At the close of the offering, the issuer closed on $22,600. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| August 3, 2021 | Offering | $20,000 | $50,000 | October 1, 2021 | sec.gov |
Updated October 4, 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.