Data / Crowdfunding / California / Grubb & Nadler, Inc
Grubb & Nadler, Inc: crowdfunding raise on SMBX, Inc., $100,000 to $500,000 (2022)
Grubb & Nadler, Inc, a corporation in San Francisco, CA, filed a Form C with the SEC on October 12, 2022 to raise $100,000 to $500,000 in debt through SMBX, Inc.. The offering closed on October 20, 2022. In its most recent fiscal year it reported $9,643,383 in revenue and a net loss of $1,042,113, with 80 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.floragrubb.com
- Funding portal
- SMBX, Inc.
- Address
- 1634 JERROLD AVE, San Francisco, CA 94124
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- January 15, 2003
- SEC CIK
- 0001935379
Offering terms
From the amendment filed October 12, 2022.
- Security
- Debt
- Price
- $10.00
- Target
- $100,000
- Maximum
- $500,000
- Deadline
- October 20, 2022
- Portal compensation
- For Grubb & Nadler, Inc.'s raise, SMBX will be charging a capital raise fee of 4.50% (up to $22,500 based on the total amount raised)
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,643,383 | $8,245,024 | sec.gov |
| Cost of goods sold | $3,251,092 | $2,985,929 | sec.gov |
| Net income | $-1,042,113 | $-81,394 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,411,574 | $6,107,562 | sec.gov |
| Cash | $74,479 | $104,681 | sec.gov |
| Accounts receivable | $17,913 | $133,310 | sec.gov |
| Short-term debt | $7,099,444 | $3,632,101 | sec.gov |
| Long-term debt | $619,000 | $205,988 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 12, 2022 | Amendment | $100,000 | $500,000 | October 20, 2022 | Revised for non-material changes on October 12, 2022. Amendment for filing statements from Financial Review | sec.gov |
| October 5, 2022 | Amendment | $100,000 | $500,000 | October 20, 2022 | Revised for material changes on October 4, 2022. Amendment for: a) extension of offering close date from October 11, 2022, to October 20, 2022, and b) changes to financial statements to reflect recommendations by their CPA | sec.gov |
| July 26, 2022 | Offering | $100,000 | $500,000 | October 11, 2022 | sec.gov |
Updated May 1, 2023. 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.