Data / Crowdfunding / California / Socalbro LLC
Socalbro LLC: crowdfunding raise on SMBX, Inc., $10,000 to $500,000 (2025)
Socalbro LLC, a limited liability company in Santa Barbara, CA, filed a Form C with the SEC on March 13, 2025 to raise $10,000 to $500,000 in debt through SMBX, Inc.. The offering closed on April 10, 2025. In its most recent fiscal year it reported $1,099,363 in revenue and a net loss of $65,124, with 20 employees.
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- Website
- bibijisb.com
- Funding portal
- SMBX, Inc.
- Address
- 1213 STATE STREET SUITE B, Santa Barbara, CA 93101
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- October 30, 2017
- SEC CIK
- 0002052225
Offering terms
From the amendment filed March 13, 2025.
- Security
- Debt
- Price
- $10.00
- Target
- $10,000
- Maximum
- $500,000
- Deadline
- April 10, 2025
- Portal compensation
- SMBX will be charging a capital raise fee of 6.00% (up to $30,000 based on the total amount raised). Every month until the security is paid off, SMBX will also be charging a $50.00 payment processing fee to the Issuer.
Financials
From the Form C/A filed March 13, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,099,363 | $1,204,379 | sec.gov |
| Cost of goods sold | $337,200 | $418,828 | sec.gov |
| Net income | $-65,124 | $-282,996 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $373,896 | $210,438 | sec.gov |
| Cash | $64,234 | $37,060 | sec.gov |
| Accounts receivable | $5,270 | $5,270 | sec.gov |
| Short-term debt | $779,137 | $675,954 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 13, 2025 | Amendment | $10,000 | $500,000 | April 10, 2025 | (Revised for material changes on March 13, 2025) Amendment for: a) extension of offering close date from March 18, 2025, to April 10, 2025 | sec.gov |
| January 22, 2025 | Offering | $10,000 | $500,000 | March 18, 2025 | sec.gov |
Updated March 13, 2025. 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.