Saranac Lake Community Store, LLC

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Profile

According to their SEC filings, Saranac Lake Community Store, LLC is a Corporation organized in NY on 02-16-2007. They report having 2 employee(s), and revenue in their most-recent fiscal year of $349,804.00 and $374,463.00 the prior year.

Location

97 Main St.

Saranac Lake, NY 12983

Equity Crowdfunding Campaigns

Reg CF Offering from Saranac Lake Community Store, Inc. (Previous)

Campaign Details

According to their SEC filings, Saranac Lake Community Store, Inc. previously ran a Regulation Crowdfunding campaign to raise $50,000.00 (up to a maximum of $107,000.00) in Debt via Wefunder before a deadline of 10-31-2018.

As compensation for managing the offering, Wefunder reported being compensated as follows:

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, Saranac Lake Community Store, Inc. reported that Wefunder would also receive 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.

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $349,804.00 $374,463.00
Cost of Goods Sold $195,979.00 $206,738.00
Taxes Paid $355.00 $480.00
Net Income $-44,970.00 $-32,876.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $30,086.00 $78,453.00
Accounts Receivable $1,182.00 $1,199.00
Short-term Debt $25,407.00 $33,245.00
Long-term Debt $225,269.00 $270,239.00

Complete Reg CF filings list for Saranac Lake Community Store, LLC

  • New Filing Form C

    [2018-05-04T21:46:43+00:00] Saranac Lake Community Store, LLC filed a Form C to raise a target amount of $50,000.00 (up to a maximum of $107,000.00) of Debt via Wefunder.

    File number: 020-24247