Data / Crowdfunding / California / Millennium Franchise Group, LLC
Millennium Franchise Group, LLC: crowdfunding raise on SMBX, Inc., $40,000 to $124,000 (2023)
Millennium Franchise Group, LLC, a limited liability company in Oakland, CA, filed a Form C with the SEC on February 6, 2023 to raise $40,000 to $124,000 in debt through SMBX, Inc.. The offering closed on March 9, 2023. In its most recent fiscal year it reported $453,968 in revenue and a net loss of $123,589, with 2 employees.
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- Website
- hackingsolutions.com
- Funding portal
- SMBX, Inc.
- Address
- 1415 ADELINE STREET, Oakland, CA 94607
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- April 18, 2013
- SEC CIK
- 0001962677
Offering terms
From the amendment filed February 6, 2023.
- Security
- Debt
- Price
- $10.00
- Target
- $40,000
- Maximum
- $124,000
- Deadline
- March 9, 2023
- Portal compensation
- SMBX will be charging a capital raise fee of 4.50% (up to $5,580 based on the total amount raised)
Financials
From the Form C/A filed February 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $453,968 | $576,256 | sec.gov |
| Cost of goods sold | $191,516 | $160,825 | sec.gov |
| Net income | $-123,589 | $-7,342 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $147,318 | $15,739 | sec.gov |
| Cash | $59,660 | $-1,341 | sec.gov |
| Accounts receivable | $0 | $29,423 | sec.gov |
| Short-term debt | $1,600 | $0 | sec.gov |
| Long-term debt | $215,000 | $6,885 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 6, 2023 | Amendment | $40,000 | $124,000 | March 9, 2023 | Amendment for: a) bond naming convention fix and b) correction in entity name | sec.gov |
| January 23, 2023 | Offering | $40,000 | $124,000 | March 9, 2023 | sec.gov |
Updated February 6, 2023. 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.