Data / Crowdfunding / New York / Brooklyn Craft Works LLC
Brooklyn Craft Works LLC: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,000,000 (2023)
Brooklyn Craft Works LLC, a limited liability company in Brooklyn, NY, filed a Form C with the SEC on January 19, 2023 to raise $50,000 to $1,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on March 29, 2023. In its most recent fiscal year it reported $2,197,355 in revenue and a net loss of $896,453, with 1 employees.
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- Website
- www.brooklyngin.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 316 DOUGLASS STREET APT. A-1D, Brooklyn, NY 11217
- Legal form
- Limited Liability Company
- Jurisdiction
- FL
- Incorporated
- December 9, 2011
- SEC CIK
- 0001527854
Offering terms
From the amendment filed January 19, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- March 29, 2023
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed March 31, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,197,355 | $1,983,871 | sec.gov |
| Cost of goods sold | $1,022,329 | $922,213 | sec.gov |
| Net income | $-896,453 | $-824,300 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,326,939 | $1,710,739 | sec.gov |
| Cash | $544,496 | $128,831 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,981,821 | $893,842 | sec.gov |
| Long-term debt | $1,088,299 | $663,625 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 31, 2023 | Progress update | $50,000 | $1,000,000 | March 29, 2023 | The offering failed to reach the target offering amount of $50,000 by the deadline. All investment commitments were cancelled and funds returned to prospective investors. | sec.gov |
| January 19, 2023 | Amendment | $50,000 | $1,000,000 | March 29, 2023 | Amendment to Offering Statement: Change in Offering Deadline | sec.gov |
| December 30, 2022 | Amendment | $50,000 | $1,000,000 | February 26, 2023 | Amendment to Offering Statement: Change in Valuation Cap. | sec.gov |
| December 28, 2022 | Offering | $50,000 | $1,000,000 | February 26, 2023 | sec.gov |
Updated March 31, 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.