Data / Crowdfunding / Delaware / 1821 Drinks Inc
1821 Drinks Inc: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2020)
1821 Drinks Inc, a corporation in Wilmington, DE, filed a Form C with the SEC on September 14, 2020 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 14, 2020. In its most recent fiscal year it reported $740,770 in revenue and a net loss of $1,249, with 8 employees.
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- Website
- 1821bitters.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3911 CONCORD PIKE #8030 SMB #10619, Wilmington, DE 19803
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 24, 2020
- SEC CIK
- 0001821723
Offering terms
From the offering filed September 14, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- December 14, 2020
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the intermediary.
Financials
From the Form C-AR filed May 3, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $740,770 | $1,033,820 | sec.gov |
| Cost of goods sold | $467,089 | $529,958 | sec.gov |
| Net income | $-1,249 | $44,108 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $827,153 | $245,622 | sec.gov |
| Cash | $287,603 | $82,511 | sec.gov |
| Accounts receivable | $143,793 | $118,696 | sec.gov |
| Short-term debt | $549,519 | $107,701 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| December 15, 2020 | Progress update | $25,000 | $1,070,000 | December 14, 2020 | The Offering closed successfully on December 15, 2020, having received investment commitments of $278,201, although a final accounting has not taken place. | sec.gov |
| September 14, 2020 | Offering | $25,000 | $1,070,000 | December 14, 2020 | sec.gov |
Updated May 3, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.