Data / Crowdfunding / Arizona / Barrana Corp.
Barrana Corp.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2020)
Barrana Corp., a corporation in Surprise, AZ, filed a Form C with the SEC on December 11, 2020 to raise $10,000 to $1,070,000 in common stock through StartEngine Capital, LLC. The offering closed on January 14, 2021. In its most recent fiscal year it reported $9,449,000 in revenue and a net loss of $426,000, with 195 employees.
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- Website
- www.state48brewery.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 13823 W. BELL RD, Surprise, AZ 85374
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 30, 2015
- SEC CIK
- 0001816310
Offering terms
From the amendment filed December 11, 2020.
- Security
- Common Stock
- Price
- $5.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- January 14, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 7, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,449,000 | $4,582,000 | sec.gov |
| Cost of goods sold | $2,187,000 | $1,127,000 | sec.gov |
| Net income | $-426,000 | $-309,000 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,837 | $894,000 | sec.gov |
| Cash | $62,000 | $39,000 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $382,000 | $247,000 | sec.gov |
| Long-term debt | $2,377 | $1,145,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 7, 2022 | Progress update | $10,000 | $1,070,000 | January 14, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $27,701.76 and 5,808 shares of Common Stock. | sec.gov |
| January 20, 2021 | Progress update | $10,000 | $1,070,000 | January 14, 2021 | At the close of the offering, the issuer closed on $27,015 and 5,863 shares of Common Stock. | sec.gov |
| December 11, 2020 | Amendment | $10,000 | $1,070,000 | January 14, 2021 | Issuer is extending the length of their campaign by 30 days. | sec.gov |
| October 13, 2020 | Amendment | $10,000 | $1,070,000 | December 14, 2020 | Extending the campaign 60 days. | sec.gov |
| July 16, 2020 | Offering | $10,000 | $1,070,000 | October 15, 2020 | sec.gov |
Updated October 7, 2022. 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.