Data / Crowdfunding / Michigan / Luma Resources, LLC
Luma Resources, LLC: crowdfunding raise on CULTIVATE CAPITAL GROUP, LLC, $100,000 to $1,235,000 (2023)
Luma Resources, LLC, a limited liability company in Rochester Hills, MI, filed a Form C with the SEC on September 1, 2023 to raise $100,000 to $1,235,000 in Class A Units through CULTIVATE CAPITAL GROUP, LLC. The offering closed on August 31, 2023. In its most recent fiscal year it reported $517,464 in revenue and a net loss of $542,961, with 8 employees.
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- Website
- www.lumasolar.com
- Funding portal
- CULTIVATE CAPITAL GROUP, LLC
- Address
- 2691 LEACH ROAD, Rochester Hills, MI 48309
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- January 15, 2008
- SEC CIK
- 0001982230
Offering terms
From the amendment filed September 1, 2023.
- Security
- Class A Units
- Price
- $1,000.00
- Target
- $100,000
- Maximum
- $1,235,000
- Deadline
- August 31, 2023
- Portal compensation
- The issuer shall pay to the intermediary at any closing of the Offering a fee of four percent (4%) of the amount raised in the offering.
Financials
From the Form C-AR filed September 24, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $517,464 | $1,046,859 | sec.gov |
| Cost of goods sold | $677,589 | $690,050 | sec.gov |
| Net income | $-542,961 | $67,913 | sec.gov |
| Taxes paid | $0 | $327 | sec.gov |
| Total assets | $923,834 | $862,983 | sec.gov |
| Cash | $335,657 | $149,818 | sec.gov |
| Accounts receivable | $154,746 | $139,109 | sec.gov |
| Short-term debt | $1,217,510 | $622,801 | sec.gov |
| Long-term debt | $0 | $249,672 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 24, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| September 1, 2023 | Amendment | $100,000 | $1,235,000 | August 31, 2023 | New end date for final closing - extended to November 21, 2023 | sec.gov |
| July 10, 2023 | Progress update | $100,000 | $1,235,000 | August 31, 2023 | Luma Resources LLC is has received investment committments and has funds in escrow that are in excess of 50 percent and 100 percent of the target offering amount. | sec.gov |
| June 28, 2023 | Offering | $100,000 | $1,235,000 | August 31, 2023 | sec.gov |
Updated September 24, 2024. 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.