Data / Crowdfunding / Texas / Patio Bar One, LLC
Patio Bar One, LLC: crowdfunding raise on NextSeed Securities, LLC, $100,000 to $350,000 (2020)
Patio Bar One, LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on January 13, 2020 to raise $100,000 to $350,000 in debt through NextSeed Securities, LLC. The offering closed on March 19, 2020. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 2 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.pattersonparkhouston.com
- Funding portal
- NextSeed Securities, LLC
- Address
- 5858 WESTHEIMER RD. SUITE 101, Houston, TX 77057
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- April 6, 2018
- SEC CIK
- 0001765975
Offering terms
From the amendment filed January 13, 2020.
- Security
- Debt
- Target
- $100,000
- Maximum
- $350,000
- Deadline
- March 19, 2020
- Portal compensation
- 10% of the total Offering Amount; provided only 5% is charged on investors introduced by the issuer.
Financials
From the Form C-AR filed April 29, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $-9,258 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $877,342 | $145,608 | sec.gov |
| Cash | $79,780 | $31,720 | sec.gov |
| Accounts receivable | $1,000 | $1,000 | sec.gov |
| Short-term debt | $68,000 | $68,000 | sec.gov |
| Long-term debt | $871,916 | $140,182 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 29, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 28, 2020 | Progress update | $100,000 | $350,000 | March 19, 2020 | Issuer raised $350,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower | sec.gov |
| January 13, 2020 | Amendment | $100,000 | $350,000 | March 19, 2020 | Competitive set of business information uploaded to offering page to illustrate offering concept. | sec.gov |
| January 13, 2020 | Amendment | $100,000 | $350,000 | March 19, 2020 | Revised pro forma income statement to include terms of the lease that were already disclosed in the accountant's report and inadvertently left off the pro forma. | sec.gov |
| December 24, 2019 | Offering | $100,000 | $350,000 | March 19, 2020 | sec.gov |
Updated April 29, 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.