Data / Crowdfunding / California / Tropical Sunshine Products, LLC
Tropical Sunshine Products, LLC: crowdfunding raise on First Democracy VC, $50,000 to $107,000 (2017)
Tropical Sunshine Products, LLC, a limited liability company in Hermosa Beach, CA, filed a Form C with the SEC on November 8, 2017 to raise $50,000 to $107,000 in Crowd Safe (Simple Agreement for Future Equity) Units through First Democracy VC. The offering closed on December 15, 2017. In its most recent fiscal year it reported $21,677 in revenue and a net loss of $104,348, with 1 employees.
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- Website
- www.palmandbean.com
- Funding portal
- First Democracy VC
- Address
- 703 PIER AVE SUITE B-320 703 PIER AVE SUITE B-320, Hermosa Beach, CA 90254
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- October 27, 2015
- SEC CIK
- 0001719701
Offering terms
From the offering filed November 8, 2017.
- Security
- Crowd Safe (Simple Agreement for Future Equity) Units
- Price
- $1.00
- Target
- $50,000
- Maximum
- $107,000
- Deadline
- December 15, 2017
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed April 26, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $21,677 | $0 | sec.gov |
| Cost of goods sold | $30,524 | $0 | sec.gov |
| Net income | $-104,348 | $-133,145 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $147,447 | $121,455 | sec.gov |
| Cash | $27,447 | $1,455 | sec.gov |
| Accounts receivable | $3,058 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2018 | Progress update | $50,000 | $107,000 | December 15, 2017 | The issuer raised $57,661 during the offering period. | sec.gov |
| January 12, 2018 | Progress update | $50,000 | $107,000 | December 15, 2017 | The issuer raised approximately $66,461 during the offering period. Payments are still being process; the exact amount has yet to be determined. | sec.gov |
| November 8, 2017 | Offering | $50,000 | $107,000 | December 15, 2017 | sec.gov |
Updated April 26, 2018. 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.