Data / Crowdfunding / Ohio / Minus G LLC
Minus G LLC: crowdfunding raise on Honeycomb Portal LLC, $10,000 to $65,000 (2020)
Minus G LLC, a limited liability company in Chardon, OH, filed a Form C with the SEC on May 11, 2020 to raise $10,000 to $65,000 in debt through Honeycomb Portal LLC. The offering closed on June 26, 2020. In its most recent fiscal year it reported $102,229 in revenue and $27,447 in net income, with 1 employees.
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- Website
- www.minusg.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 11511 TAYLOR WELLS RD, Chardon, OH 44024
- Legal form
- Limited Liability Company
- Jurisdiction
- OH
- Incorporated
- August 3, 2015
- SEC CIK
- 0001810621
Offering terms
From the offering filed May 11, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $10,000
- Maximum
- $65,000
- Deadline
- June 26, 2020
- Portal compensation
- Success fee applied at a marginal-rate based on amount raised: $10K - $50,000: 8.0%, $50,001 - $100,000: 7.0%, $100,001+: 6.0%. +$250 posting fee. Investor fee of 1.4% of investment capped at $37.25.
Financials
From the Form C-AR filed April 9, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $102,229 | $72,036 | sec.gov |
| Cost of goods sold | $33,650 | $18,681 | sec.gov |
| Net income | $27,447 | $32,992 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $60,550 | $18,184 | sec.gov |
| Cash | $37,926 | $17,070 | sec.gov |
| Accounts receivable | $-17 | $-386 | sec.gov |
| Short-term debt | $15,742 | $2,646 | sec.gov |
| Long-term debt | $25,850 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 9, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| July 27, 2020 | Progress update | $10,000 | $65,000 | June 26, 2020 | Total raised $25,850 | sec.gov |
| May 11, 2020 | Offering | $10,000 | $65,000 | June 26, 2020 | sec.gov |
Updated April 9, 2021. 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.