Data / Crowdfunding / New York / RANGOON RESTAURANT CONCEPTS LLC
RANGOON RESTAURANT CONCEPTS LLC: crowdfunding raise on SMBX, Inc., $15,000 to $75,000 (2022)
RANGOON RESTAURANT CONCEPTS LLC, a limited liability company in Brooklyn, NY, filed a Form C with the SEC on March 24, 2022 to raise $15,000 to $75,000 in debt through SMBX, Inc.. The offering closed on April 15, 2022. In its most recent fiscal year it reported $1,433,643 in revenue and $45,342 in net income, with 14 employees.
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- Website
- www.rangoon.nyc
- Funding portal
- SMBX, Inc.
- Address
- 500 PROSPECT PL, Brooklyn, NY 11238
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- February 13, 2018
- SEC CIK
- 0001866028
Offering terms
From the offering filed March 24, 2022.
- Security
- Debt
- Price
- $10.00
- Target
- $15,000
- Maximum
- $75,000
- Deadline
- April 15, 2022
- Portal compensation
- For Rangoon Restaurant Concepts LLC's offering SMBX will be charging a capital raise fee of 3.5% (up to $2,625 based on the total amount raised).
Financials
From the Form C filed March 24, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,433,643 | $392,534 | sec.gov |
| Cost of goods sold | $284,272 | $104,363 | sec.gov |
| Net income | $45,342 | $52,267 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $302,574 | $53,314 | sec.gov |
| Cash | $244,684 | $26,553 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $252,415 | $51,293 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 24, 2022 | Offering | $15,000 | $75,000 | April 15, 2022 | sec.gov | |
| October 26, 2021 | Progress update | $50,000 | $250,000 | October 22, 2021 | At the close of the offering, the issuer closed on $101600. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| August 10, 2021 | Amendment | $50,000 | $250,000 | October 22, 2021 | Issuer is extending the deadline to make an investment. | sec.gov |
| June 14, 2021 | Offering | $50,000 | $250,000 | August 18, 2021 | sec.gov |
Updated March 24, 2022. 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.