Data / Crowdfunding / Ohio / Cleveland Whiskey LLC
Cleveland Whiskey LLC: crowdfunding raise on Wefunder Portal LLC, $250,000 to $1,000,000 (2018)
Cleveland Whiskey LLC, a limited liability company in Cleveland, OH, filed a Form C with the SEC on June 29, 2018 to raise $250,000 to $1,000,000 in Class E Units through Wefunder Portal LLC. The offering closed on December 21, 2018. In its most recent fiscal year it reported $2,005,312 in revenue and $72,092 in net income, with 14 employees.
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- Website
- www.clevelandwhiskey.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1768 E. 25TH ST, Cleveland, OH 44114
- Legal form
- Limited Liability Company
- Jurisdiction
- OH
- Incorporated
- July 8, 2009
- SEC CIK
- 0001651835
Offering terms
From the offering filed June 29, 2018.
- Security
- Class E Units
- Price
- $4.31
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- December 21, 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 April 3, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,005,312 | $1,687,182 | sec.gov |
| Cost of goods sold | $848,862 | $711,590 | sec.gov |
| Net income | $72,092 | $-264,594 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,440,704 | $1,708,469 | sec.gov |
| Cash | $347,889 | $568,248 | sec.gov |
| Accounts receivable | $232,956 | $193,706 | sec.gov |
| Short-term debt | $205,711 | $170,756 | sec.gov |
| Long-term debt | $612,604 | $701,612 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 3, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| June 29, 2018 | Offering | $250,000 | $1,000,000 | December 21, 2018 | sec.gov | |
| April 27, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| April 28, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| October 20, 2016 | Progress update | $100,000 | $1,000,000 | October 19, 2016 | $731,164 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 10-04-16. | sec.gov |
| October 20, 2016 | Progress update | $100,000 | $1,000,000 | October 19, 2016 | $731,164 in investments. Payments are still being processed; final number is yet to be determined. The deadline date was set to today to work around an EDGAR glitch but the offering actually closed on 10-04-16. | sec.gov |
| September 13, 2016 | Amendment | $100,000 | $1,000,000 | November 16, 2016 | Changes in Board of Managers, correction in principal security holders, and updated business plan. | sec.gov |
| May 20, 2016 | Offering | $100,000 | $1,000,000 | November 16, 2016 | sec.gov |
Updated April 3, 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.