Socalbro LLC
View this filing on EDGAR (filing index, accession 0002052225-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | Socalbro LLC | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | SMBX, Inc. | (Form C, issuer information) |
| Filing date | 2025-01-22 | (EDGAR filing index) |
| Date of incorporation | 2017-10-30 | (Form C, issuer information) |
| Employees | 20 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | $10 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $500,000 | (Form C, offering information) |
| Offering deadline | 2025-03-18 | (Form C, offering information) |
| Platform compensation | SMBX will be charging a capital raise fee of 6.00% (up to $30,000 based on the total amount raised). Every month until the security is paid off, SMBX will also be charging a $50.00 payment processing fee to the Issuer. | (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 | $1,099,363 | $1,204,379 | (Form C, financial summary) |
| Cost of goods sold | $337,200 | $418,828 | (Form C, financial summary) |
| Net income | -$65,124 | -$282,996 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $64,234 | $37,060 | (Form C, financial summary) |
| Accounts receivable | $5,270 | $5,270 | (Form C, financial summary) |
| Total assets | $373,896 | $210,438 | (Form C, financial summary) |
| Short-term debt | $779,137 | $675,954 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (Form C, financial summary) |
Mechanical checks that fired
- Related-party language. Related-party language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0002052225-25-000001, 0002052225-25-000002.
"Related Party Transactions See Ownership and Capital Structure section."
"Related Party Transactions See Ownership and Capital Structure section."
- 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.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://bibijisb.com
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