Data / Crowdfunding / Michigan / Motor City Popcorn LLC
Motor City Popcorn LLC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $50,000 (2024)
Motor City Popcorn LLC, a limited liability company in Detroit, MI, filed a Form C with the SEC on July 16, 2024 to raise $25,000 to $50,000 in debt through Honeycomb Portal LLC. The offering closed on August 15, 2024. In its most recent fiscal year it reported $189,360 in revenue and $27,335 in net income, with 3 employees.
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- Website
- www.motorcitypopcorn.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 7104 W. 7 MILE RD, Detroit, MI 48221
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- October 4, 2013
- SEC CIK
- 0002030552
Offering terms
From the offering filed July 16, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $50,000
- Deadline
- August 15, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C filed July 16, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $189,360 | $121,034 | sec.gov |
| Cost of goods sold | $0 | $75,706 | sec.gov |
| Net income | $27,335 | $8,684 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $51,791 | $23,679 | sec.gov |
| Cash | $50,232 | $22,093 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 16, 2024 | Offering | $25,000 | $50,000 | August 15, 2024 | sec.gov |
Updated July 16, 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.