Fire Grounds Coffee Co LLC
View this filing on EDGAR (filing index, accession 0001666102-24-000026) | All Form C filings by this company on EDGAR
Filing details
| Company | Fire Grounds Coffee Co LLC | (Form C, issuer information) |
|---|---|---|
| State | TX | (Form C, issuer information) |
| Platform | Mr. Crowd | (Form C, issuer information) |
| Filing date | 2024-10-30 | (EDGAR filing index) |
| Date of incorporation | 2018-05-21 | (Form C, issuer information) |
| Employees | 4 | (Form C, issuer information) |
| Security offered | Other Class B Membership Units | (Form C, offering information) |
| Price per security | $375 | (Form C, offering information) |
| Target amount | $50,220 | (Form C, offering information) |
| Maximum ask | $1,000,215 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 1) The issuer shall pay the intermediary a fee equal to 5% of the gross amount raised; 2) The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of 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 | $251,768 | $120,141 | (Form C, financial summary) |
| Cost of goods sold | $157,288 | $43,934 | (Form C, financial summary) |
| Net income | -$127,328 | -$42,536 | (Form C, financial summary) |
| Taxes paid | $91 | $979 | (Form C, financial summary) |
| Cash and equivalents | $10,097 | $1,876 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $333,300 | $64,842 | (Form C, financial summary) |
| Short-term debt | $54,537 | $8,000 | (Form C, financial summary) |
| Long-term debt | $306,892 | $40,536 | (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.
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://www.firegroundscoffeecompany.com
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