Data / Crowdfunding / Georgia / Pit Boss Inc
Pit Boss Inc: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $300,000 (2020)
Pit Boss Inc, a corporation in Atlanta, GA, filed a Form C with the SEC on September 24, 2020 to raise $25,000 to $300,000 in debt through Honeycomb Portal LLC. The offering closed on November 24, 2020. In its most recent fiscal year it reported $3,094,036 in revenue and $130,160 in net income, with 28 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
- pitboss-bbq.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 856 VIRGINIA AVE, Atlanta, GA 30334
- Legal form
- Corporation
- Jurisdiction
- GA
- Incorporated
- July 7, 2008
- SEC CIK
- 0001824239
Offering terms
From the amendment filed September 24, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $300,000
- Deadline
- November 24, 2020
- Portal compensation
- Applied at a marginal-rate based upon amount raised: $10,000 - $50,000 = 8.0%, $50,001 - $100,000 =7.0%, $100,001+ = 6.0%. $250 posting fee.
Financials
From the Form C/A filed September 24, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,094,036 | $2,901,516 | sec.gov |
| Cost of goods sold | $1,423,256 | $1,385,171 | sec.gov |
| Net income | $130,160 | $106,005 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $314,022 | $278,758 | sec.gov |
| Cash | $149,582 | $14,054 | sec.gov |
| Accounts receivable | $0 | $182,118 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $172,200 | $86,801 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 24, 2020 | Amendment | $25,000 | $300,000 | November 24, 2020 | update to target amount and end date | sec.gov |
| September 10, 2020 | Offering | $150,000 | $300,000 | November 16, 2020 | sec.gov |
Updated September 24, 2020. 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.