Data / Crowdfunding / Connecticut / SHBC Group Inc.
SHBC Group Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $350,000 (2020)
SHBC Group Inc., a corporation in Moodus, CT, filed a Form C with the SEC on June 2, 2020 to raise $50,000 to $350,000 in debt through Wefunder Portal LLC. The offering closed on October 2, 2020. In its most recent fiscal year it reported $91,639 in revenue and a net loss of $4,300, with 5 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
- www.shbcbeer.com
- Funding portal
- Wefunder Portal LLC
- Address
- 4 Valley Brook Road, Moodus, CT 06469
- Legal form
- Corporation
- Jurisdiction
- CT
- Incorporated
- March 13, 2017
- SEC CIK
- 0001789842
Offering terms
From the offering filed June 2, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $350,000
- Deadline
- October 2, 2020
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed June 2, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $91,639 | $411,922 | sec.gov |
| Cost of goods sold | $43,070 | $234,344 | sec.gov |
| Net income | $-4,300 | $-64,680 | sec.gov |
| Taxes paid | $4,794 | $43,613 | sec.gov |
| Total assets | $473,000 | $217,000 | sec.gov |
| Cash | $65,000 | $24,000 | sec.gov |
| Accounts receivable | $2,500 | $12,175 | sec.gov |
| Short-term debt | $5,250 | $16,175 | sec.gov |
| Long-term debt | $185,000 | $24,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 2, 2020 | Offering | $50,000 | $350,000 | October 2, 2020 | sec.gov |
Updated June 2, 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.