Data / Crowdfunding / California / Penny Shoppe LLC
Penny Shoppe LLC: crowdfunding raise on SMBX, Inc., $20,000 to $400,000 (2023)
Penny Shoppe LLC, a limited liability company in San Francisco, CA, filed a Form C with the SEC on June 1, 2023 to raise $20,000 to $400,000 in debt through SMBX, Inc.. The offering closed on June 26, 2023. In its most recent fiscal year it reported $1,829,031 in revenue and a net loss of $17,500, with 12 employees.
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- Website
- www.palmcitysf.com
- Funding portal
- SMBX, Inc.
- Address
- 4055 IRVING ST, San Francisco, CA 94122
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- March 21, 2019
- SEC CIK
- 0001974512
Offering terms
From the amendment filed June 1, 2023.
- Security
- Debt
- Price
- $10.00
- Target
- $20,000
- Maximum
- $400,000
- Deadline
- June 26, 2023
- Portal compensation
- SMBX will be charging a capital raise fee of 6.00% (up to $24,000 based on the total amount raised)
Financials
From the Form C/A filed June 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,829,031 | $1,372,562 | sec.gov |
| Cost of goods sold | $830,938 | $784,740 | sec.gov |
| Net income | $-17,500 | $-157,050 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $186,505 | $283,797 | sec.gov |
| Cash | $14,893 | $5,735 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $276,502 | $311,293 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 1, 2023 | Amendment | $20,000 | $400,000 | June 26, 2023 | Revised for material changes on June 1, 2023. Amendment for: a) raising Maximum Target Offering Amount to $400,000 and b) filing Reviewed financial statements | sec.gov |
| April 27, 2023 | Amendment | $20,000 | $250,000 | June 26, 2023 | (Revised for non-material changes on April 27, 2023) Amendment for: a) addition of 2023 Q1 financials | sec.gov |
| April 27, 2023 | Offering | $20,000 | $250,000 | June 26, 2023 | sec.gov |
Updated June 1, 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.