Data / Crowdfunding / New York / Logic Product Group LLC
Logic Product Group LLC: crowdfunding raise on SI SECURITIES, LLC, $25,000 (2017)
Logic Product Group LLC, a limited liability company in Brooklyn, NY, filed a Form C with the SEC on August 21, 2017 to raise $25,000 in preferred stock through SI SECURITIES, LLC. The offering closed on October 16, 2017. In its most recent fiscal year it reported $720,076 in revenue and a net loss of $214,819, with 3 employees.
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- Website
- logicproducts.com
- Funding portal
- SI SECURITIES, LLC
- Address
- 100 WILLOUGHBY ST. SUITE 4H, Brooklyn, NY 11201
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- September 22, 2010
- SEC CIK
- 0001698034
Offering terms
From the amendment filed August 21, 2017.
- Security
- Preferred Stock
- Price
- $3.66
- Target
- $25,000
- Deadline
- October 16, 2017
- Portal compensation
- SI Securities, LLC will receive a 5% cash commission and a 5% preferred equity commission on all sales through the broker-dealer (e.g., $5,000 cash and $5,000 preferred equity on a raise of $100,000)
Financials
From the Form C/A filed August 21, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $720,076 | $611,961 | sec.gov |
| Cost of goods sold | $228,422 | $157,988 | sec.gov |
| Net income | $-214,819 | $-145,392 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $284,222 | $160,815 | sec.gov |
| Cash | $8,347 | $31,598 | sec.gov |
| Accounts receivable | $15,321 | $51,679 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 21, 2017 | Amendment | $25,000 | Not listed | October 16, 2017 | Revise the perks and the use of proceeds | sec.gov |
| August 18, 2017 | Offering | $25,000 | Not listed | October 16, 2017 | sec.gov |
Updated August 21, 2017. 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.