Data / Crowdfunding / District of Columbia / Immigrant Brothers
Immigrant Brothers: crowdfunding raise on Honeycomb Portal LLC, $30,000 to $60,000 (2023)
Immigrant Brothers, a company in Washington, DC, filed a Form C with the SEC on June 20, 2023 to raise $30,000 to $60,000 in debt through Honeycomb Portal LLC. The offering closed on July 20, 2023. In its most recent fiscal year it reported $526,003 in revenue and $134,511 in net income, with 6 employees.
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- Website
- balangay.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1309 5TH S NE, Washington, DC 20002
- Legal form
- Other
- Jurisdiction
- DC
- Incorporated
- October 18, 2021
- SEC CIK
- 0001978297
Offering terms
From the offering filed June 20, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $30,000
- Maximum
- $60,000
- Deadline
- July 20, 2023
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed July 26, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $526,003 | $0 | sec.gov |
| Cost of goods sold | $228,836 | $0 | sec.gov |
| Net income | $134,511 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,542 | $0 | sec.gov |
| Cash | $137 | $0 | 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 |
|---|---|---|---|---|---|---|
| July 26, 2023 | Progress update | $30,000 | $60,000 | July 20, 2023 | Total raised $31,050 | sec.gov |
| June 20, 2023 | Offering | $30,000 | $60,000 | July 20, 2023 | sec.gov |
Updated July 26, 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.