Data / Crowdfunding / North Carolina / Shiloh's Five Loaves, Inc.
Shiloh's Five Loaves, Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2023)
Shiloh's Five Loaves, Inc., a corporation in Graham, NC, filed a Form C with the SEC on November 16, 2023 to raise $50,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on February 14, 2024. In its most recent fiscal year it reported $5,470,737 in revenue and a net loss of $1,027,014, with 32 employees.
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- Website
- www.simplekneads.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 213 W RIVER STREET, Graham, NC 27253
- Legal form
- Corporation
- Jurisdiction
- NC
- Incorporated
- September 16, 2014
- SEC CIK
- 0001619148
Offering terms
From the offering filed November 16, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- February 14, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of five percent (5%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed May 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,470,737 | $3,592,601 | sec.gov |
| Cost of goods sold | $3,268,357 | $2,142,370 | sec.gov |
| Net income | $-1,027,014 | $-367,353 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,301,532 | $881,827 | sec.gov |
| Cash | $67,944 | $64,949 | sec.gov |
| Accounts receivable | $375,255 | $224,314 | sec.gov |
| Short-term debt | $1,005,908 | $1,204,238 | sec.gov |
| Long-term debt | $651,057 | $17,413 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| February 23, 2024 | Progress update | $50,000 | $1,235,000 | February 14, 2024 | The Offering closed successfully on 2/15/2024, having received investment commitments of $173,256, although a final accounting has not taken place. | sec.gov |
| November 16, 2023 | Offering | $50,000 | $1,235,000 | February 14, 2024 | sec.gov |
Also on SpecStream
Updated May 1, 2024. 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.