Data / Crowdfunding / New Jersey / Jar Goods, LLC
Jar Goods, LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
Jar Goods, LLC, a limited liability company in Glen Rock, NJ, filed a Form C with the SEC on May 7, 2020 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 31, 2020. In its most recent fiscal year it reported $394,881 in revenue and a net loss of $169,506, with 2 employees.
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- Website
- jargoods.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 80 RIDGE ROAD, Glen Rock, NJ 07452
- Legal form
- Limited Liability Company
- Jurisdiction
- NJ
- Incorporated
- March 11, 2013
- SEC CIK
- 0001743949
Offering terms
From the amendment filed May 7, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- August 31, 2020
- Portal compensation
- The issuer shall pay to the Intermediary at the conclusion of the Offering a fee of six percent (6%) of the amount raised in the offering.
Financials
From the Form C-U filed September 3, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $394,881 | $299,803 | sec.gov |
| Cost of goods sold | $386,798 | $240,969 | sec.gov |
| Net income | $-169,506 | $-288,424 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $101,372 | $96,892 | sec.gov |
| Cash | $6,397 | $13,106 | sec.gov |
| Accounts receivable | $73,497 | $50,141 | sec.gov |
| Short-term debt | $510,254 | $323,584 | sec.gov |
| Long-term debt | $21,215 | $24,748 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 3, 2020 | Progress update | $25,000 | $1,070,000 | August 31, 2020 | The Offering successfully closed on September 1, 2020, with investment commitments of $54,515, although a final accounting has not taken place. | sec.gov |
| May 7, 2020 | Amendment | $25,000 | $1,070,000 | August 31, 2020 | The issuer corrected its name from "Jar Goods" to "Jar Goods, LLC" | sec.gov |
| May 6, 2020 | Withdrawal | Not listed | Not listed | sec.gov | ||
| May 6, 2020 | Offering | $25,000 | $1,070,000 | August 31, 2020 | sec.gov | |
| June 19, 2018 | Offering | $25,000 | $1,070,000 | August 3, 2018 | sec.gov |
Updated September 3, 2020. 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.