Data / Crowdfunding / Texas / Breakwater Beverage Inc.
Breakwater Beverage Inc.: crowdfunding raise on StartEngine Capital, LLC, $9,998 to $1,234,999 (2023)
Breakwater Beverage Inc., a corporation in Conroe, TX, filed a Form C with the SEC on September 5, 2023 to raise $9,998 to $1,234,999 in common stock through StartEngine Capital, LLC. The offering closed on November 7, 2023. In its most recent fiscal year it reported $261,377 in revenue and a net loss of $650,138, with 10 employees.
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- Website
- drinkcoral.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 98 AVENUE A, Conroe, TX 77301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 23, 2023
- SEC CIK
- 0001990090
Offering terms
From the offering filed September 5, 2023.
- Security
- Common Stock
- Price
- $1.78
- Target
- $9,998
- Maximum
- $1,234,999
- Deadline
- November 7, 2023
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed November 16, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $261,377 | $55,922 | sec.gov |
| Cost of goods sold | $153,478 | $33,321 | sec.gov |
| Net income | $-650,138 | $-143,336 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $247,132 | $626,992 | sec.gov |
| Cash | $10,765 | $302,808 | sec.gov |
| Accounts receivable | $0 | $14,502 | sec.gov |
| Short-term debt | $138,010 | $51,146 | sec.gov |
| Long-term debt | $112,063 | $11,161 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 16, 2023 | Progress update | $9,998 | $1,234,999 | November 7, 2023 | At the close of the offering, the issuer closed on $93,953.31 and 55,389 number of securities. | sec.gov |
| September 5, 2023 | Offering | $9,998 | $1,234,999 | November 7, 2023 | sec.gov |
Updated November 16, 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.