Data / Crowdfunding / Colorado / Backyard Soda Co, Inc.
Backyard Soda Co, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $350,000 (2020)
Backyard Soda Co, Inc., a corporation in Denver, CO, filed a Form C with the SEC on August 10, 2020 to raise $25,000 to $350,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 30, 2020. In its most recent fiscal year it reported $167,973 in revenue and $110,665 in net income, with 3 employees.
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- Website
- www.backyardsodas.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3000 LAWRENCE ST., Denver, CO 80205
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 18, 2019
- SEC CIK
- 0001787138
Offering terms
From the amendment filed August 10, 2020.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $350,000
- Deadline
- September 30, 2020
- Portal compensation
- 6% of the amount raised in the offering
Financials
From the Form C-AR filed April 28, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $167,973 | $203,786 | sec.gov |
| Cost of goods sold | $57,308 | $120,673 | sec.gov |
| Net income | $110,665 | $83,112 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $86,151 | $116,534 | sec.gov |
| Cash | $4,826 | $8,719 | sec.gov |
| Accounts receivable | $12,121 | $34,632 | sec.gov |
| Short-term debt | $120,255 | $229,375 | sec.gov |
| Long-term debt | $319,194 | $185,884 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 28, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| October 21, 2020 | Progress update | $25,000 | $350,000 | September 30, 2020 | The Offering closed successfully on 09/30/2020, having received investment commitments of $143,891, although a final accounting has not taken place. | sec.gov |
| August 10, 2020 | Amendment | $25,000 | $350,000 | September 30, 2020 | The Form C filed by the Company on May 14, 2020 is hereby amended and superseded in its entirety by this Form C/A to change the Offering Deadline to September 30, 2020. | sec.gov |
| August 10, 2020 | Amendment | $25,000 | $350,000 | August 14, 2020 | The Form C filed by the Company on May 14, 2020 is hereby amended and superseded in its entirety by this Form C/A to change the Offering Deadline to September 30, 2020. | sec.gov |
| May 14, 2020 | Offering | $25,000 | $350,000 | August 14, 2020 | sec.gov | |
| May 14, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 4, 2019 | Progress update | $25,000 | $107,000 | October 28, 2019 | $107,000 in investments. | sec.gov |
| October 18, 2019 | Amendment | $25,000 | $107,000 | October 28, 2019 | Filing amendment to add webinar transcript as Exhibit G. | sec.gov |
| September 11, 2019 | Offering | $25,000 | $107,000 | October 28, 2019 | sec.gov |
Updated May 2, 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.