Data / Crowdfunding / California / Border X Brewing LLC
Border X Brewing LLC: crowdfunding raise on Wefunder Portal LLC, $150,000 to $750,000 (2018)
Border X Brewing LLC, a limited liability company in San Diego, CA, filed a Form C with the SEC on October 12, 2018 to raise $150,000 to $750,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on November 28, 2018. In its most recent fiscal year it reported $1,705,055 in revenue and a net loss of $82,971, with 15 employees.
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- Website
- borderxbrewing.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2181 Logan Ave, San Diego, CA 92113
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- December 21, 2012
- SEC CIK
- 0001733765
Offering terms
From the amendment filed October 12, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $150,000
- Maximum
- $750,000
- Deadline
- November 28, 2018
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed June 10, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,705,055 | $934,509 | sec.gov |
| Cost of goods sold | $441,075 | $170,787 | sec.gov |
| Net income | $-82,971 | $38,579 | sec.gov |
| Taxes paid | $14,076 | $14,533 | sec.gov |
| Total assets | $539,886 | $541,770 | sec.gov |
| Cash | $51,243 | $80,331 | sec.gov |
| Accounts receivable | $12,778 | $5,185 | sec.gov |
| Short-term debt | $98,729 | $41,888 | sec.gov |
| Long-term debt | $468,957 | $452,772 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 10, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| October 12, 2018 | Amendment | $150,000 | $750,000 | November 28, 2018 | Update closing date | sec.gov |
| April 2, 2018 | Offering | $150,000 | $750,000 | September 28, 2018 | sec.gov |
Updated June 10, 2020. 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.