Data / Crowdfunding / Texas / The Spice Route Company LLC
The Spice Route Company LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2021)
The Spice Route Company LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on October 12, 2021 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $2,962,282 in revenue and a net loss of $2,020,790, with 140 employees.
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- Website
- www.musaaferhouston.com
- Funding portal
- Wefunder Portal LLC
- Address
- 5115 Westheimer Road Suite C 3500, Houston, TX 77056
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- August 17, 2021
- SEC CIK
- 0001884835
Offering terms
From the offering filed October 12, 2021.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2022
- Portal compensation
- 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed October 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,962,282 | $0 | sec.gov |
| Cost of goods sold | $1,382,572 | $0 | sec.gov |
| Net income | $-2,020,790 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $7,929,638 | $6,079,755 | sec.gov |
| Cash | $586,345 | $510,052 | sec.gov |
| Accounts receivable | $815,135 | $0 | sec.gov |
| Short-term debt | $1,433,434 | $0 | sec.gov |
| Long-term debt | $2,962,736 | $1,225,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 12, 2021 | Offering | $50,000 | $1,070,000 | April 30, 2022 | sec.gov |
Updated October 12, 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.