Data / Crowdfunding / Pennsylvania / SC&C Inc.
SC&C Inc.: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $124,000 (2023)
SC&C Inc., a corporation in Pittsburgh, PA, filed a Form C with the SEC on November 22, 2023 to raise $60,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on December 22, 2023. In its most recent fiscal year it reported $1,880,819 in revenue and $354,669 in net income, with 25 employees.
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- Website
- square-cafe.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1137 S BRADDOCK AVE, Pittsburgh, PA 15218
- Legal form
- Corporation
- Jurisdiction
- PA
- Incorporated
- May 1, 2003
- SEC CIK
- 0001809918
Offering terms
From the offering filed November 22, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $124,000
- Deadline
- December 22, 2023
- 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-U filed December 19, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,880,819 | $2,391,571 | sec.gov |
| Cost of goods sold | $569,089 | $742,146 | sec.gov |
| Net income | $354,669 | $591,769 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,808,372 | $1,154,136 | sec.gov |
| Cash | $156,207 | $78,540 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $67,160 | $81,507 | sec.gov |
| Long-term debt | $1,097,494 | $597,678 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 19, 2023 | Progress update | $60,000 | $124,000 | December 22, 2023 | Total raised $124,000 | sec.gov |
| November 22, 2023 | Offering | $60,000 | $124,000 | December 22, 2023 | sec.gov | |
| April 19, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 14, 2020 | Progress update | $100,000 | $250,000 | September 29, 2020 | Total raised $250,000 | sec.gov |
| August 18, 2020 | Amendment | $100,000 | $250,000 | September 29, 2020 | correction of typo in offering statement | sec.gov |
| August 12, 2020 | Amendment | $100,000 | $250,000 | September 29, 2020 | update to target end date and target amount | sec.gov |
| April 16, 2020 | Offering | $20,000 | $107,000 | June 4, 2020 | sec.gov |
Updated December 19, 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.