Data / Crowdfunding / California / TOWN KITCHEN PBC
TOWN KITCHEN PBC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2019)
TOWN KITCHEN PBC, a corporation in Oakland, CA, filed a Form C with the SEC on July 19, 2019 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on October 31, 2019. In its most recent fiscal year it reported $1,343,340 in revenue and a net loss of $1,029,140, with 35 employees.
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- Website
- www.thetownkitchen.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 2325 EAST 12TH STREET, Oakland, CA 94601
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 26, 2015
- SEC CIK
- 0001707193
Offering terms
From the amendment filed July 19, 2019.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- October 31, 2019
- Portal compensation
- The Intermediary will receive 6% of the gross-cash amount raised in the Offering
Financials
From the Form C-AR filed May 10, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,343,340 | $1,627,000 | sec.gov |
| Cost of goods sold | $914,610 | $1,099,768 | sec.gov |
| Net income | $-1,029,140 | $-1,016,324 | sec.gov |
| Taxes paid | $5,488 | $6,361 | sec.gov |
| Total assets | $559,634 | $191,524 | sec.gov |
| Cash | $198,737 | $16,672 | sec.gov |
| Accounts receivable | $0 | $44,456 | sec.gov |
| Short-term debt | $244,134 | $188,054 | sec.gov |
| Long-term debt | $2,152,490 | $590,001 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 10, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| November 1, 2019 | Progress update | $25,000 | $1,070,000 | October 31, 2019 | The Offering closed successfully on 10/31/2019, having received investment commitments of $59,399, although a final accounting has not taken place. | sec.gov |
| July 19, 2019 | Amendment | $25,000 | $1,070,000 | October 31, 2019 | Updates the legal name for a beneficial owner and adds exhibits. | sec.gov |
| July 17, 2019 | Offering | $25,000 | $1,070,000 | October 31, 2019 | sec.gov |
Updated May 10, 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.