Data / Crowdfunding / Georgia / Dope Coffee Co LLC
Dope Coffee Co LLC: crowdfunding raise on MiTec, PBC, $50,000 to $428,980 (2021)
Dope Coffee Co LLC, a limited liability company in Decatur, GA, filed a Form C with the SEC on June 29, 2021 to raise $50,000 to $428,980 in debt through MiTec, PBC. The offering closed on June 30, 2021. In its most recent fiscal year it reported $132,405 in revenue and $5,703 in net income, with 3 employees.
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- Website
- www.realdope.coffee
- Funding portal
- MiTec, PBC
- Address
- 4110 PEABODY COURT, Decatur, GA 30034
- Legal form
- Limited Liability Company
- Jurisdiction
- GA
- Incorporated
- March 27, 2019
- SEC CIK
- 0001796060
Offering terms
From the amendment filed June 29, 2021.
- Security
- Debt
- Target
- $50,000
- Maximum
- $428,980
- Deadline
- June 30, 2021
- Portal compensation
- 6% of proceeds distributed to issuer plus third party escrow fees
Financials
From the Form C-AR filed March 18, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $132,405 | $191,223 | sec.gov |
| Cost of goods sold | $62,911 | $109,069 | sec.gov |
| Net income | $5,703 | $-80,391 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $97,725 | $43,375 | sec.gov |
| Cash | $76,999 | $24,967 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $36,177 | $17,381 | sec.gov |
| Long-term debt | $9,000 | $24,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 18, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| November 5, 2021 | Progress update | Not listed | Not listed | Issuer raised $116,725 from 60 investors | sec.gov | |
| June 29, 2021 | Amendment | $50,000 | $428,980 | June 30, 2021 | offering end date changed to 10/31/2021 | sec.gov |
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| March 22, 2021 | Offering | $50,000 | $428,980 | June 30, 2021 | sec.gov | |
| July 14, 2020 | Progress update | $27,000 | $107,000 | July 7, 2020 | The total amount of securities sold in the offering was $107,000. | sec.gov |
| June 24, 2020 | Amendment | $27,000 | $107,000 | July 7, 2020 | Moving related person transaction (with Karl Duffey) from Item (m) to Item (r). | sec.gov |
| April 13, 2020 | Amendment | $27,000 | $107,000 | July 7, 2020 | Clarification of trigger for conversion of convertible notes. | sec.gov |
| April 10, 2020 | Amendment | $27,000 | $107,000 | July 7, 2020 | Correcting address on second page of offering statement. | sec.gov |
| April 9, 2020 | Amendment | $27,000 | $107,000 | July 7, 2020 | Adding maturity date to term sheet; correcting maturity date in pitch deck. | sec.gov |
| April 9, 2020 | Amendment | $27,000 | $107,000 | July 7, 2020 | Changing date of calculation of outstanding interest on 504 Notes in Item (p); updating outstanding interest in Item (m)(1); adding maturity date to term sheet; changing name of Exhibit J to "Crowd Note Term Sheet"; updating maturity date in pitch deck. | sec.gov |
| April 8, 2020 | Offering | $27,000 | $107,000 | July 7, 2020 | sec.gov |
Updated March 18, 2022. 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.