West Lombard, LLC
View this filing on EDGAR (filing index, accession 0001973860-24-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | West Lombard, LLC | (Form C, issuer information) |
|---|---|---|
| State | OR | (Form C, issuer information) |
| Platform | NSSC Funding Portal, LLC | (Form C, issuer information) |
| Filing date | 2024-11-05 | (EDGAR filing index) |
| Date of incorporation | 2020-12-14 | (Form C, issuer information) |
| Employees | 0 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $100,000 | (Form C, offering information) |
| Offering deadline | 2025-01-31 | (Form C, offering information) |
| Platform compensation | $3,000 administrative fee + 5% of funds raised success fee | (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 | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$8,135 | $5,265 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $49,766 | $6,332 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $1,307,866 | $330,365 | (Form C, financial summary) |
| Short-term debt | $463,550 | $0 | (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: 0001973860-24-000003, 0001973860-25-000001.
"NOTE 5- Related parties and related transactions Related Parties Viking Development, LLC The Powell Group Oakleaf redevelopment McCleary Realty Relationship between related party and the company Manager General Contractor Developer Broker The following transaction during the year ended December 31, 2023 and 2022 are summarized in the tab"
"Description of Transaction Date of Transaction Name of Insider Construction Fee Installments begin April 2024 The Powell Group LLC Related party contractor, owned by Mitch Powell, a member of the Manager $175,000 Broker Fee Installments begin April 2024 McCleary Realty Related Party real estate brokerage, owned by George McCleary, a member of the Manager $150,000 Development Fee Installments begin April 2024 Oakleaf Related party Development reDevelop"
- No revenue. Revenue for the most recent fiscal year is $0 in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
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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