Data / Crowdfunding / California / Local Culture Krauts, LLC
Local Culture Krauts, LLC: crowdfunding raise on SMBX, Inc., $25,000 to $100,000 (2022)
Local Culture Krauts, LLC, a limited liability company in Grass Valley, CA, filed a Form C with the SEC on February 28, 2022 to raise $25,000 to $100,000 in debt through SMBX, Inc.. The offering closed on April 8, 2022. In its most recent fiscal year it reported $317,242 in revenue and $56,300 in net income, with 2 employees.
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- Website
- localcultureferments.com
- Funding portal
- SMBX, Inc.
- Address
- 12526 LOMA RICA DRIVE, Grass Valley, CA 95945
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- February 14, 2018
- SEC CIK
- 0001912250
Offering terms
From the amendment filed February 28, 2022.
- Security
- Debt
- Price
- $10.00
- Target
- $25,000
- Maximum
- $100,000
- Deadline
- April 8, 2022
- Portal compensation
- For Local Culture Kraut, LLC's offering, SMBX will be charging a capital raise fee of 3.5% (up to $3,500 based on the total amount raised).
Financials
From the Form C/A filed February 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $317,242 | $159,728 | sec.gov |
| Cost of goods sold | $139,416 | $56,209 | sec.gov |
| Net income | $56,300 | $12,357 | sec.gov |
| Taxes paid | $10,364 | $5,788 | sec.gov |
| Total assets | $127,329 | $81,060 | sec.gov |
| Cash | $28,893 | $31,513 | sec.gov |
| Accounts receivable | $25,954 | $14,377 | sec.gov |
| Short-term debt | $12,973 | $1,004 | sec.gov |
| Long-term debt | $70,000 | $70,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 28, 2022 | Amendment | $25,000 | $100,000 | April 8, 2022 | Bond Prospectus launch date year typo correction prior to launching offering (from February 28, 2021 to 2022). | sec.gov |
| February 24, 2022 | Offering | $25,000 | $100,000 | April 8, 2022 | sec.gov |
Updated February 28, 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.