Data / Crowdfunding / Georgia / Simple Bread Co LLC
Simple Bread Co LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $250,000 (2021)
Simple Bread Co LLC, a limited liability company in Tucker, GA, filed a Form C with the SEC on August 30, 2021 to raise $50,000 to $250,000 in debt through Honeycomb Portal LLC. The offering closed on November 2, 2021. In its most recent fiscal year it reported $110,003 in revenue and a net loss of $28,859, with 6 employees.
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- Website
- simplebreadcompany.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 2636 ARLDOWNE DR., Tucker, GA 30084
- Legal form
- Limited Liability Company
- Jurisdiction
- GA
- Incorporated
- November 28, 2018
- SEC CIK
- 0001875432
Offering terms
From the amendment filed August 30, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- November 2, 2021
- 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/A filed August 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $110,003 | $18,839 | sec.gov |
| Cost of goods sold | $89,503 | $19,546 | sec.gov |
| Net income | $-28,859 | $-21,462 | sec.gov |
| Taxes paid | $1,784 | $200 | sec.gov |
| Total assets | $2,370 | $1,429 | sec.gov |
| Cash | $2,370 | $1,429 | 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 |
|---|---|---|---|---|---|---|
| August 30, 2021 | Amendment | $50,000 | $250,000 | November 2, 2021 | Extend end date. | sec.gov |
| August 16, 2021 | Offering | $50,000 | $250,000 | October 12, 2021 | sec.gov |
Updated August 30, 2021. 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.