Data / Crowdfunding / Michigan / K.B.I. LLC
K.B.I. LLC: crowdfunding raise on Honeycomb Portal LLC, $10,000 to $21,600 (2019)
K.B.I. LLC, a limited liability company in Detroit, MI, filed a Form C with the SEC on September 17, 2019 to raise $10,000 to $21,600 in debt through Honeycomb Portal LLC. The offering closed on November 4, 2019. In its most recent fiscal year it reported $51,593 in revenue and $28,248 in net income, with 2 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- kbiauto.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 14182 MEYERS RD, Detroit, MI 48227
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- December 29, 2015
- SEC CIK
- 0001788415
Offering terms
From the offering filed September 17, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $10,000
- Maximum
- $21,600
- Deadline
- November 4, 2019
- Portal compensation
- Total amount raised in offering between $10K-$19,999 = 8.0% of total offering. If total amount raised in offering is between $20K-$21.6K = 7.0% of total. 2.85% per investment (capped @ $37.25) and a $250 posting fee
Financials
From the Form C-U filed January 23, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $51,593 | $18,708 | sec.gov |
| Cost of goods sold | $6,243 | $7,111 | sec.gov |
| Net income | $28,248 | $7,980 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $12,150 | $7,721 | sec.gov |
| Cash | $11,441 | $7,721 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $7,511 | $-462 | sec.gov |
| Long-term debt | $24,362 | $29,862 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 23, 2020 | Progress update | $10,000 | $21,600 | November 4, 2019 | Total raised $11,976 | sec.gov |
| September 17, 2019 | Offering | $10,000 | $21,600 | November 4, 2019 | sec.gov |
Updated January 23, 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.