Data / Crowdfunding / Pennsylvania / Nitrous Bay Ventures Inc.
Nitrous Bay Ventures Inc.: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $124,000 (2023)
Nitrous Bay Ventures Inc., a corporation in Erie, PA, filed a Form C with the SEC on June 20, 2023 to raise $25,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on June 26, 2023. In its most recent fiscal year it reported $94,712 in revenue and a net loss of $139,577, with 2 employees.
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- Website
- protocholbeverage.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1001 STATE ST SUITE #907, Erie, PA 16501
- Legal form
- Corporation
- Jurisdiction
- PA
- Incorporated
- July 22, 2020
- SEC CIK
- 0001975487
Offering terms
From the amendment filed June 20, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $124,000
- Deadline
- June 26, 2023
- 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-U filed July 18, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $94,712 | $1,144 | sec.gov |
| Cost of goods sold | $124,394 | $2,883 | sec.gov |
| Net income | $-139,577 | $-74,273 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $76,264 | $118,930 | sec.gov |
| Cash | $35,249 | $66,605 | sec.gov |
| Accounts receivable | $816 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $109,797 | $25,797 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 18, 2023 | Progress update | $25,000 | $124,000 | June 26, 2023 | Total raised $31,650 | sec.gov |
| June 20, 2023 | Amendment | $25,000 | $124,000 | June 26, 2023 | Target amount updated. | sec.gov |
| May 10, 2023 | Offering | $60,000 | $124,000 | June 26, 2023 | sec.gov |
Updated July 18, 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.