Data / Crowdfunding / California / SUMAC MEDITERRANEAN CUISINE Inc.
SUMAC MEDITERRANEAN CUISINE Inc.: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $100,000 (2024)
SUMAC MEDITERRANEAN CUISINE Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on April 8, 2024 to raise $50,000 to $100,000 in debt through Honeycomb Portal LLC. The offering closed on May 23, 2024. In its most recent fiscal year it reported $322,439 in revenue and a net loss of $18,227, with 8 employees.
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- Website
- www.sumaccuisine.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1156 N HIGHLAND AVE, Los Angeles, CA 90038
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- November 15, 2020
- SEC CIK
- 0002015348
Offering terms
From the offering filed April 8, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $100,000
- Deadline
- May 23, 2024
- 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 filed April 8, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $322,439 | $563,427 | sec.gov |
| Cost of goods sold | $53,818 | $68,766 | sec.gov |
| Net income | $-18,227 | $-7,250 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $113,467 | $104,963 | sec.gov |
| Cash | $18,719 | $10,214 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $21,435 | $-4,705 | sec.gov |
| Long-term debt | $308,521 | $309,521 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 8, 2024 | Offering | $50,000 | $100,000 | May 23, 2024 | sec.gov |
Updated April 8, 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.