Current Offering
$25,000
Target Amount
$125,000
Maximum Amount
2021-10-27
Deadline
Security Details
Type: Debt
Price per share: $10.00
Shares offered: 0+
Offering Costs
Cash commission: 4%
For the Garrett Music Academy, LLC's offering, SMBX will be charging a capital raise fee of 3.5% (up to $4,375 based on the total amount raised).
Equity compensation: 0%
N/A
Financial Reports
Offering via SMBX
Offering History
As of 2021-08-23
Raising $25,000 -$125,000 via 0+ shares of debt at $10.00 per share
Deadline: 2021-10-27
| Filing date | 2021-08-23 |
|---|---|
| Current employees | 2 |
| Act received most recent fiscal year | $13,821 |
| Act received prior fiscal year | $13,963 |
| Cash equi most recent fiscal year | $6,144 |
| Cash equi prior fiscal year | -$3,479.00 |
| Cost goods sold most recent fiscal year | $152,331 |
| Cost goods sold prior fiscal year | $162,736 |
| Long term debt most recent fiscal year | $170,006 |
| Long term debt prior fiscal year | $141,813 |
| Net income most recent fiscal year | -$43,815.00 |
| Net income prior fiscal year | -$17,739.00 |
| Revenue most recent fiscal year | $289,671 |
| Revenue prior fiscal year | $340,183 |
| Short term debt most recent fiscal year | $113,597 |
| Short term debt prior fiscal year | $2,290 |
| Tax paid most recent fiscal year | $7,311 |
| Tax paid prior fiscal year | $5,754 |
| Total asset most recent fiscal year | $207,255 |
| Total asset prior fiscal year | $111,570 |
Company Information
Latest Metrics
Employees2
Total Assets$207,255
Cash on Hand$6,144
Revenues$289,671
Net Income-$43,815.00