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PORTER ROAD BY LOCAL EATERIES, INC.
OperatingLocal Eateries, Inc.
Food · Founded 2017
Delivering life-changine meat
Post-money valuation ⓘ
$41.4M
As of May 2025 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$1,122,013
Across 1 round since 2024
Latest share price
$2.50
Reg CF Offering (2024) offering price
Financials
FY2022–FY2023 · from SEC filings · hover any figure for its source$14.6M
−$2.1M
2022
$12.7M
−$5.2M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022
FY2023
Income statement
Revenue
$14,571,682
$12,661,938
Cost of goods sold
$11,328,707
$11,204,352
Gross margin
22%
12%
Net income
-$2,054,762
-$5,181,250
Taxes paid
$0
$0
Balance sheet
Cash
$1,227,761
$1,019,976
Accounts receivable
$126,829
$121,994
Total assets
$4,024,252
$2,532,803
Short-term debt
$0
$0
Long-term debt
$8,086,645
$11,491,554
Total liabilities
$8,086,645
$11,491,554
Other
Headcount
—
3
Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$41.4M
post-money
Reg CF Offering (2024)
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $1.1M / $1.2MInvestors 780Post-money $41.4M
Reg CF annual-report compliance
Delinquent
Filed 0 of 2 annual reports (FY2024–FY2025)
Missing: 2024, 2025
780 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0002022025Share price $2.50
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.