Data / Crowdfunding / New York / ARTISANAL CAVES LLC
ARTISANAL CAVES LLC: crowdfunding raise on MainVest, Inc., $30,000 to $124,000 (2023)
ARTISANAL CAVES LLC, a limited liability company in Utica, NY, filed a Form C with the SEC on August 28, 2023 to raise $30,000 to $124,000 in Investment Cerificates through MainVest, Inc.. The offering closed on October 27, 2023. In its most recent fiscal year it reported $896,262 in revenue and $64,065 in net income, with 30 employees.
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- Website
- www.hemstroughts.com
- Funding portal
- MainVest, Inc.
- Address
- 900 OSWEGO ST, Utica, NY 13502
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- April 20, 2015
- SEC CIK
- 0001910506
Offering terms
From the amendment filed August 28, 2023.
- Security
- Investment Cerificates
- Price
- $500.00
- Target
- $30,000
- Maximum
- $124,000
- Deadline
- October 27, 2023
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed November 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $896,262 | $655,447 | sec.gov |
| Cost of goods sold | $605,057 | $438,355 | sec.gov |
| Net income | $64,065 | $-13,697 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $162,266 | $602,715 | sec.gov |
| Cash | $63,988 | $230,705 | sec.gov |
| Accounts receivable | $3,580 | $48,855 | sec.gov |
| Short-term debt | $2,832 | $50,000 | sec.gov |
| Long-term debt | $0 | $186,368 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 1, 2023 | Progress update | $30,000 | $124,000 | October 27, 2023 | At the close of the offering, the issuer closed on $68,500. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| August 28, 2023 | Amendment | $30,000 | $124,000 | October 27, 2023 | Issuer is amending their Financial Condition Statements. | sec.gov |
| August 24, 2023 | Offering | $30,000 | $124,000 | October 27, 2023 | sec.gov | |
| August 11, 2022 | Progress update | $100,000 | $250,000 | June 17, 2022 | At the close of the offering, the issuer closed on $238,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| February 16, 2022 | Offering | $100,000 | $250,000 | June 17, 2022 | sec.gov |
Updated November 1, 2023. 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.