Cheers LLC
View this filing on EDGAR (filing index, accession 0002063604-25-000059) | All Form C filings by this company on EDGAR
Filing details
| Company | Cheers LLC | (Form C, issuer information) |
|---|---|---|
| State | TN | (Form C, issuer information) |
| Platform | Honeycomb Portal LLC | (Form C, issuer information) |
| Filing date | 2025-05-20 | (EDGAR filing index) |
| Date of incorporation | 2018-05-01 | (Form C, issuer information) |
| Employees | 9 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $55,000 | (Form C, offering information) |
| Maximum ask | $75,000 | (Form C, offering information) |
| Offering deadline | 2025-07-02 | (Form C, offering information) |
| Platform compensation | 8.5% of the total offering amount upon a successful raise. Platform Fee corresponding to selected level of service. 3% investment fee capped at $50. Credit Card: 4.5%, capped at $1,000. Honeycomb Wallet: 0%; Hybrid (HW + ACH): 2%, capped at $30 | (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 | $129,281 | $346,882 | (Form C, financial summary) |
| Cost of goods sold | $48,587 | $146,075 | (Form C, financial summary) |
| Net income | -$33,896 | $14,415 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $7,747 | $545 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $14,876 | $6,775 | (Form C, financial summary) |
| Short-term debt | $872 | $3,050 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (Form C, financial summary) |
Mechanical checks that fired
- 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.
- 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.
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