Data / Crowdfunding / Michigan / PLAYGROUND DETROIT, LLC
PLAYGROUND DETROIT, LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $100,000 (2025)
PLAYGROUND DETROIT, LLC, a limited liability company in Detroit, MI, filed a Form C with the SEC on January 22, 2025 to raise $50,000 to $100,000 in debt through Honeycomb Portal LLC. The offering closed on February 21, 2025. In its most recent fiscal year it reported $143,224 in revenue and $18,520 in net income, with 2 employees.
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- Website
- Shop.playgrounddetroit.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 2845 GRATIOT AVENUE, Detroit, MI 48207
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- May 8, 2012
- SEC CIK
- 0002051930
Offering terms
From the offering filed January 22, 2025.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- February 21, 2025
- 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 filed January 22, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $143,224 | $166,622 | sec.gov |
| Cost of goods sold | $71,110 | $98,563 | sec.gov |
| Net income | $18,520 | $-71,703 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $120,470 | $107,113 | sec.gov |
| Cash | $15,254 | $7,122 | sec.gov |
| Accounts receivable | $5,493 | $269 | sec.gov |
| Short-term debt | $10,535 | $12,319 | sec.gov |
| Long-term debt | $258,824 | $265,366 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 22, 2025 | Offering | $50,000 | $100,000 | February 21, 2025 | sec.gov |
Updated January 22, 2025. 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.