BrokenSpanish, LLC
View this filing on EDGAR (filing index, accession 0001975586-24-000006) | All Form C filings by this company on EDGAR
Filing details
| Company | BrokenSpanish, LLC | (Form C, issuer information) |
|---|---|---|
| State | IL | (Form C, issuer information) |
| Platform | Honeycomb Portal LLC | (Form C, issuer information) |
| Filing date | 2024-11-12 | (EDGAR filing index) |
| Date of incorporation | 2020-02-29 | (Form C, issuer information) |
| Employees | 10 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $60,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2024-12-13 | (Form C, offering information) |
| Platform 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. | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $653,969 | $872,944 | (Form C, financial summary) |
| Cost of goods sold | $141,233 | $202,170 | (Form C, financial summary) |
| Net income | -$97,312 | -$27,879 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $2,693 | $32,312 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $191,537 | $259,394 | (Form C, financial summary) |
| Short-term debt | $68,841 | $88,730 | (Form C, financial summary) |
| Long-term debt | $286,182 | $330,521 | (Form C, financial summary) |
Mechanical checks that fired
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Cash below one year of losses. Net loss for the most recent fiscal year is larger than year-end cash, both as reported in the Form C financial summary.
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
- Platform compensation of 8% or more. The platform compensation stated in the Form C is 8% or more of the offering.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Want the weekly briefing? Subscribe free.