Data / Crowdfunding / Pennsylvania / Patsy's Rum Cake LLC
Patsy's Rum Cake LLC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $30,000 (2024)
Patsy's Rum Cake LLC, a limited liability company in Brooklyn, PA, filed a Form C with the SEC on August 5, 2024 to raise $25,000 to $30,000 in debt through Honeycomb Portal LLC. The offering closed on September 4, 2024. In its most recent fiscal year it reported $17,348 in revenue and a net loss of $23,000, with 3 employees.
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- Website
- www.patsysrumcake.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 2123 CATON AVE MANGROVE FC, Brooklyn, PA 11226
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- February 25, 2020
- SEC CIK
- 0002029346
Offering terms
From the amendment filed August 5, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $30,000
- Deadline
- September 4, 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/A filed August 5, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $17,348 | $30,725 | sec.gov |
| Cost of goods sold | $12,311 | $11,759 | sec.gov |
| Net income | $-23,000 | $-14,908 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,147 | $2,413 | sec.gov |
| Cash | $1,668 | $935 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $2,171 | $130 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 5, 2024 | Amendment | $25,000 | $30,000 | September 4, 2024 | Update use of funds on offering statement | sec.gov |
| August 5, 2024 | Amendment | $25,000 | $30,000 | September 4, 2024 | Extending offering end date to 9/4 | sec.gov |
| July 24, 2024 | Offering | $25,000 | $30,000 | August 28, 2024 | sec.gov |
Updated August 5, 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.