Data / Crowdfunding / Indiana / Cardinal Spirits LLC
Cardinal Spirits LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,235,000 (2023)
Cardinal Spirits LLC, a limited liability company in Bloomington, IN, filed a Form C with the SEC on March 24, 2023 to raise $50,000 to $1,235,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $6,338,046 in revenue and a net loss of $1,831,123, with 45 employees.
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- Website
- www.cardinalspirits.com
- Funding portal
- Wefunder Portal LLC
- Address
- 922 S Morton St., Bloomington, IN 47403
- Legal form
- Limited Liability Company
- Jurisdiction
- IN
- Incorporated
- March 14, 2011
- SEC CIK
- 0001574152
Offering terms
From the offering filed March 24, 2023.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- April 29, 2024
- Portal compensation
- <p>5.5% 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.</p>
Financials
From the Form C filed March 24, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,338,046 | $7,554,795 | sec.gov |
| Cost of goods sold | $4,983,598 | $7,223,245 | sec.gov |
| Net income | $-1,831,123 | $-2,157,615 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,984,880 | $2,721,604 | sec.gov |
| Cash | $274,785 | $128,586 | sec.gov |
| Accounts receivable | $420,554 | $1,004,825 | sec.gov |
| Short-term debt | $2,481,734 | $2,210,823 | sec.gov |
| Long-term debt | $2,411,692 | $1,104,325 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 24, 2023 | Offering | $50,000 | $1,235,000 | April 29, 2024 | sec.gov |
Updated March 24, 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.