Data / Crowdfunding / District of Columbia / Innovative Recordings LLC
Innovative Recordings LLC: crowdfunding raise on SMBX, Inc., $40,000 to $120,000 (2023)
Innovative Recordings LLC, a limited liability company in Washington, DC, filed a Form C with the SEC on January 31, 2023 to raise $40,000 to $120,000 in debt through SMBX, Inc.. The offering closed on March 20, 2023. In its most recent fiscal year it reported $654,269 in revenue and $5,568 in net income, with 2 employees.
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- Website
- www.potomacfoodsandbeverages.com
- Funding portal
- SMBX, Inc.
- Address
- 2219 TOWN CENTER DRIVE SE SUITE 373, Washington, DC 20020
- Legal form
- Limited Liability Company
- Jurisdiction
- DC
- Incorporated
- July 24, 2018
- SEC CIK
- 0001919337
Offering terms
From the offering filed January 31, 2023.
- Security
- Debt
- Price
- $10.00
- Target
- $40,000
- Maximum
- $120,000
- Deadline
- March 20, 2023
- Portal compensation
- SMBX will not be charging a capital raise fee as these bonds are part of the DC Rebuild Program.
Financials
From the Form C filed January 31, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $654,269 | $635,578 | sec.gov |
| Cost of goods sold | $160,400 | $137,352 | sec.gov |
| Net income | $5,568 | $127,674 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $118,729 | $250,988 | sec.gov |
| Cash | $73,151 | $124,288 | sec.gov |
| Accounts receivable | $41,011 | $4,763 | sec.gov |
| Short-term debt | $79,906 | $53,427 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 31, 2023 | Offering | $40,000 | $120,000 | March 20, 2023 | sec.gov | |
| July 6, 2022 | Amendment | $80,000 | $500,000 | July 7, 2022 | Revised for material changes on July 6, 2022. Amendment for: a) extension of offering close date from June 7, 2022, to July 13, 2022 and b) change to value of assets to better conform with GAAP | sec.gov |
| June 6, 2022 | Amendment | $80,000 | $500,000 | July 7, 2022 | Revised for material changes on June 6, 2022. Amendment for extension of offering close date from June 13, 2022, to July 7, 2022. | sec.gov |
| April 1, 2022 | Amendment | $80,000 | $500,000 | June 13, 2022 | Non-material change to correct Bond Prospectus "error bookmark not defined" to "page 15". | sec.gov |
| March 30, 2022 | Offering | $80,000 | $500,000 | June 13, 2022 | sec.gov |
Updated January 31, 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.