Data / Crowdfunding / Michigan / Roast Umber, LLC
Roast Umber, LLC: crowdfunding raise on MainVest, Inc., $15,000 to $60,000 (2021)
Roast Umber, LLC, a limited liability company in Kalamazoo, MI, filed a Form C with the SEC on December 17, 2021 to raise $15,000 to $60,000 in debt through MainVest, Inc.. The offering closed on January 14, 2022. In its most recent fiscal year it reported $31,304 in revenue and a net loss of $263,696, with 2 employees.
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- Website
- roastumber.com
- Funding portal
- MainVest, Inc.
- Address
- 3408 MILLER RD # 309, Kalamazoo, MI 49001
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- November 26, 2018
- SEC CIK
- 0001846900
Offering terms
From the amendment filed December 17, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $15,000
- Maximum
- $60,000
- Deadline
- January 14, 2022
- Portal compensation
- MainVest will be paid 5.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed January 20, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $31,304 | $6,636 | sec.gov |
| Cost of goods sold | $48,718 | $26,314 | sec.gov |
| Net income | $-263,696 | $-152,162 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $28,010 | $1,576 | sec.gov |
| Cash | $28,283 | $1,576 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 20, 2022 | Progress update | $15,000 | $60,000 | January 14, 2022 | At the close of the offering, the issuer closed on $26,200. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 17, 2021 | Amendment | $15,000 | $60,000 | January 14, 2022 | Issuer is decreasing minimum and maximum target amounts. Issuer is amending minimum and maximum revenue share percentage. Issuer is amending use of funds. Issuer is extending deadline to invest. | sec.gov |
| June 29, 2021 | Amendment | $250,000 | $1,000,000 | December 31, 2021 | Issuer is increasing minimum and maximum target amounts. Issuer is amending financial projections. Issuer is amending minimum and maximum revenue share percentage. Issuer is amending maturity date and investment multiple. Issuer is amending use of funds. | sec.gov |
| May 12, 2021 | Amendment | $50,000 | $250,000 | December 31, 2021 | Issuer is extending deadline to invest. | sec.gov |
| March 12, 2021 | Offering | $50,000 | $250,000 | May 12, 2021 | sec.gov |
Updated January 20, 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.