Data / Crowdfunding / Virginia / Texas Holdings, INC
Texas Holdings, INC: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $120,000 (2024)
Texas Holdings, INC, a corporation in Lynchburg, VA, filed a Form C with the SEC on January 22, 2024 to raise $60,000 to $120,000 in debt through Honeycomb Portal LLC. The offering closed on March 7, 2024. In its most recent fiscal year it reported $2,213,151 in revenue and a net loss of $182,138, with 48 employees.
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- Website
- www.TexasInn.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 422 MAIN ST., Lynchburg, VA 24504
- Legal form
- Corporation
- Jurisdiction
- VA
- Incorporated
- September 30, 2018
- SEC CIK
- 0002008932
Offering terms
From the offering filed January 22, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $120,000
- Deadline
- March 7, 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-U filed March 1, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,213,151 | $1,605,202 | sec.gov |
| Cost of goods sold | $922,064 | $614,940 | sec.gov |
| Net income | $-182,138 | $-195,068 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $357,605 | $685,175 | sec.gov |
| Cash | $120,969 | $420,090 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $322,687 | $407,764 | sec.gov |
| Long-term debt | $163,000 | $127,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 1, 2024 | Progress update | $60,000 | $120,000 | March 7, 2024 | Total amount raised $121,582 | sec.gov |
| January 22, 2024 | Offering | $60,000 | $120,000 | March 7, 2024 | sec.gov |
Updated March 1, 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.