Data / Crowdfunding / California / Honeydrop, Inc.
Honeydrop, Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2021)
Honeydrop, Inc., a corporation in Malibu, CA, filed a Form C with the SEC on October 25, 2021 to raise $9,999 to $1,069,999 in common stock through StartEngine Capital, LLC. The offering closed on November 26, 2021. In its most recent fiscal year it reported $418,378 in revenue and a net loss of $199,192, with 3 employees.
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- Website
- www.honeydrop.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 22660 PACIFIC COAST HIGHWAY, UNIT 103, Malibu, CA 90265
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 19, 2006
- SEC CIK
- 0001827695
Offering terms
From the amendment filed October 25, 2021.
- Security
- Common Stock
- Price
- $0.70
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- November 26, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 6, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $418,378 | $829,515 | sec.gov |
| Cost of goods sold | $196,990 | $441,620 | sec.gov |
| Net income | $-199,192 | $-361,709 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $530,843 | $641,654 | sec.gov |
| Cash | $5,056 | $44,281 | sec.gov |
| Accounts receivable | $46,402 | $107,277 | sec.gov |
| Short-term debt | $4,150 | $12,158 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 6, 2022 | Progress update | $9,999 | $1,069,999 | November 26, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $365,075.23 and 563,725 number of securities. | sec.gov |
| May 24, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 30, 2021 | Progress update | $9,999 | $1,069,999 | November 26, 2021 | At the close of the offering, the issuer closed on $342,709.95 and 530,932 number of securities. | sec.gov |
| October 25, 2021 | Amendment | $9,999 | $1,069,999 | November 26, 2021 | Issuer extended their campaign by 30 days | sec.gov |
| July 28, 2021 | Amendment | $9,999 | $1,069,999 | October 27, 2021 | Issuer extended their campaign by 90 days | sec.gov |
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2021 | Amendment | $9,999 | $1,069,999 | July 29, 2021 | Issuer extended their campaign and added updated financials. | sec.gov |
| November 27, 2020 | Offering | $9,999 | $1,069,999 | April 30, 2021 | sec.gov |
Updated October 6, 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.