Data / Crowdfunding / Illinois / T. Loren Studio Inc.
T. Loren Studio Inc.: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $100,000 (2023)
T. Loren Studio Inc., a corporation in Woodridge, IL, filed a Form C with the SEC on January 13, 2023 to raise $25,000 to $100,000 in debt through Honeycomb Portal LLC. The offering closed on February 27, 2023. In its most recent fiscal year it reported $318,443 in revenue and a net loss of $2,489, with 6 employees.
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- Website
- www.tlorenstudio.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 3520 SEVEN BRIDGES DR, STE 115, Woodridge, IL 60517
- Legal form
- Corporation
- Jurisdiction
- IL
- Incorporated
- December 18, 2007
- SEC CIK
- 0001958652
Offering terms
From the amendment filed January 13, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $100,000
- Deadline
- February 27, 2023
- 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-U filed February 27, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $318,443 | $228,630 | sec.gov |
| Cost of goods sold | $36,681 | $44,338 | sec.gov |
| Net income | $-2,489 | $59,454 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $28,748 | $19,026 | sec.gov |
| Cash | $22,415 | $13,096 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $23,004 | $16,924 | sec.gov |
| Long-term debt | $3,544 | $3,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 27, 2023 | Progress update | $25,000 | $100,000 | February 27, 2023 | Total raised $75,850 | sec.gov |
| January 13, 2023 | Amendment | $25,000 | $100,000 | February 27, 2023 | Target end date extended | sec.gov |
| December 30, 2022 | Offering | $25,000 | $100,000 | February 17, 2023 | sec.gov |
Updated February 27, 2023. 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.