Data / Crowdfunding / Arkansas / Simkins Brothers Sweets LLC
Simkins Brothers Sweets LLC: crowdfunding raise on Wefunder Portal LLC, $50,101 to $1,069,962 (2022)
Simkins Brothers Sweets LLC, a limited liability company in Fayetteville, AR, filed a Form C with the SEC on July 11, 2022 to raise $50,101 to $1,069,962 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $306,160 in revenue and a net loss of $660,490, with 2 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.naturalwayfoodgroup.com
- Funding portal
- Wefunder Portal LLC
- Address
- 6279 W Wedington Dr, Fayetteville, AR 72704
- Legal form
- Limited Liability Company
- Jurisdiction
- AR
- Incorporated
- March 13, 2017
- SEC CIK
- 0001841823
Offering terms
From the offering filed July 11, 2022.
- Security
- Preferred Stock
- Price
- $117.33
- Target
- $50,101
- Maximum
- $1,069,962
- Deadline
- April 30, 2023
- Portal compensation
- 6.5% 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 July 11, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $306,160 | $228,341 | sec.gov |
| Cost of goods sold | $186,426 | $146,720 | sec.gov |
| Net income | $-660,490 | $-102,189 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $422,757 | $55,854 | sec.gov |
| Cash | $209,489 | $2,130 | sec.gov |
| Accounts receivable | $50,386 | $1,205 | sec.gov |
| Short-term debt | $58,765 | $21,087 | sec.gov |
| Long-term debt | $97,716 | $108,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 11, 2022 | Offering | $50,101 | $1,069,962 | April 30, 2023 | sec.gov |
Updated July 11, 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.