Data / Crowdfunding / Oregon / Herb & Olive, LLC
Herb & Olive, LLC: crowdfunding raise on MICROVENTURE MARKETPLACE INC., $50,000 to $250,000 (2022)
Herb & Olive, LLC, a limited liability company in Lake Oswego, OR, filed a Form C with the SEC on May 2, 2022 to raise $50,000 to $250,000 in CROWD NOTE through MICROVENTURE MARKETPLACE INC.. The offering closed on June 6, 2022. In its most recent fiscal year it reported $20,810 in revenue and a net loss of $20,671.
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- Website
- www.herb-olive.com
- Funding portal
- MICROVENTURE MARKETPLACE INC.
- Address
- 14495 FOSBERG ROAD, Lake Oswego, OR 97035
- Legal form
- Limited Liability Company
- Jurisdiction
- OR
- Incorporated
- April 3, 2019
- SEC CIK
- 0001885290
Offering terms
From the amendment filed May 2, 2022.
- Security
- CROWD NOTE
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- June 6, 2022
- Portal compensation
- The Issuer will shall pay to the Intermediary at the conclusion of the Offering a fee consisting of 5% commission based on the amount of investments raised in the Offering and paid upon disbursement of funds from escrow at the time of closinG.
Financials
From the Form C-U filed June 7, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $20,810 | $16,778 | sec.gov |
| Cost of goods sold | $13,679 | $15,679 | sec.gov |
| Net income | $-20,671 | $-8,852 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $34,976 | $23,848 | sec.gov |
| Cash | $11,816 | $11,403 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $3,667 | $40,289 | sec.gov |
| Long-term debt | $75,254 | $6,833 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 7, 2022 | Progress update | $50,000 | $250,000 | June 6, 2022 | DID NOT MEET OFFERING MINIMUM; FUNDS TO BE RETURNED TO INVESTORS. | sec.gov |
| May 2, 2022 | Amendment | $50,000 | $250,000 | June 6, 2022 | TO INCLUDE FINANCIAL STATEMENTS FOR ITS 2021 AND 2020 FISCAL YEARS, TO UPDATE THE COST OF GOODS SOLD ON PAGE 3, TO INCLUDE FINANCIAL INFORMATION FOR Q1 2022 WITHIN THE COMPANY SUMMARY, AND TO UPDATE THE INDUSTRY SECTION WITHIN THE COMPANY SUMMARY. | sec.gov |
| January 19, 2022 | Amendment | $50,000 | $250,000 | June 6, 2022 | UPDATING PRODUCT AND MARKET INFORMATION IN EXHIBIT B, THE COMPANY SUMMARY. | sec.gov |
| January 7, 2022 | Offering | $50,000 | $250,000 | June 6, 2022 | sec.gov |
Updated June 7, 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.