Twins Chicken, Inc.

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, Twins Chicken, Inc. is a Corporation organized in NV on 02-21-2014. They report having 7 employees, and revenue in their most recent fiscal year of $514,340 and $646,149 the prior year.

Website:
http://www.twinschicken.com
Location:
500 N Rainbow Blvd
Las Vegas, NV 89107

Equity Crowdfunding Campaigns

Twins Chicken, Inc. does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Friday, March 2, 2018

Twins Chicken, Inc. previously ran a Reg CF crowdfunding campaign to raise a target of $200,000 via Wefunder before a deadline of 08-31-2018. No progress report has been filed yet regarding the final results of this offering.The URL for the offering was https://wefunder.com/twins.chicken.

Intermediary compensation

According to the SEC filings, Wefunder was compensated as follows for this offering:

"5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering."

In addition to any direct compensation, Twins Chicken, Inc. reports that Wefunder also received the following financial interest in the offering:

"Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise."

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $514,340 $646,149 -20.4%
Cost of Goods Sold $146,523 $156,426 -6.3%
Taxes Paid $3,023 $14,854 -79.6%
Net Income $17,132 $64,562 -73.5%

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $94,506 $204,802 -53.9%
Cash & Cash Equivalents $4,403 $26,243 -83.2%
Accounts Receivable $0 $52,187 N/A
Short-Term Debt $3,023 $73,354 -95.9%
Long-Term Debt $0 $0 N/A

Complete Reg CF filing activity feed

  • New Offering Form C

    [ Mar-2 ] Twins Chicken, Inc. filed SEC Form C to raise a target amount of $200,000 (up to a maximum of $1,000,000) of Debt via Wefunder before a deadline of 08-31-2018.