Data / Crowdfunding / Pennsylvania / Parlor Brands Inc.
Parlor Brands Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
Parlor Brands Inc., a corporation in Wilkes-Barre, PA, filed a Form C with the SEC on March 14, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on May 13, 2023. In its most recent fiscal year it reported $272,633 in revenue and $7,571 in net income, with 6 employees.
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- Website
- drinkparlor.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 16 SOUTH RIVER STREET SUITE 400, Wilkes-Barre, PA 18702
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 10, 2022
- SEC CIK
- 0001964989
Offering terms
From the offering filed March 14, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- May 13, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed May 22, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $272,633 | $0 | sec.gov |
| Cost of goods sold | $101,746 | $0 | sec.gov |
| Net income | $7,571 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $50,837 | $0 | sec.gov |
| Cash | $43,203 | $0 | sec.gov |
| Accounts receivable | $1,434 | $0 | sec.gov |
| Short-term debt | $43,266 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 22, 2023 | Progress update | $25,000 | $1,235,000 | May 13, 2023 | The Offering closed successfully on 5/14/2023, having received investment commitments of $141,838, although a final accounting has not taken place. | sec.gov |
| March 14, 2023 | Offering | $25,000 | $1,235,000 | May 13, 2023 | sec.gov |
Updated May 22, 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.