Data / Crowdfunding / Florida / Drink LMNT, Inc.
Drink LMNT, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $4,000,000 (2022)
Drink LMNT, Inc., a corporation in Naples, FL, filed a Form C with the SEC on June 7, 2022 to raise $25,000 to $4,000,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 15, 2022. In its most recent fiscal year it reported $206,270 in revenue and $41,891 in net income.
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- Website
- DrinkLMNT.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1150 CENTRAL AVE, Naples, FL 34102
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 30, 2019
- SEC CIK
- 0001871551
Offering terms
From the offering filed June 7, 2022.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $4,000,000
- Deadline
- August 15, 2022
- Portal compensation
- At the conclusion of the offering, the issuer shall pay to the Intermediary a fee equal to (i) four percent (4%) of amounts raised in the offering up to $2M; plus (ii) two percent (2%) of the amounts raised in the offering exceeding $2M and up to $5M.
Financials
From the Form C-AR filed April 18, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $206,270 | $78,714 | sec.gov |
| Cost of goods sold | $89,391 | $31,480 | sec.gov |
| Net income | $41,891 | $11,145 | sec.gov |
| Taxes paid | $14,090 | $3,976 | sec.gov |
| Total assets | $63,850 | $33,495 | sec.gov |
| Cash | $28,263 | $19,011 | sec.gov |
| Accounts receivable | $4,701 | $1,607 | sec.gov |
| Short-term debt | $17,573 | $10,929 | sec.gov |
| Long-term debt | $12,940 | $5,031 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 18, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 18, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 11, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 16, 2022 | Progress update | $25,000 | $4,000,000 | August 15, 2022 | The Offering closed successfully on 8/16/2022, having received investment commitments of $2,194,748.17, although a final accounting has not taken place | sec.gov |
| June 7, 2022 | Offering | $25,000 | $4,000,000 | August 15, 2022 | sec.gov | |
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| October 8, 2021 | Progress update | $25,000 | $750,000 | December 31, 2021 | The Offering closed successfully on 10/08/2021, having received investment commitments of $540,048.00, although a final accounting has not taken place. | sec.gov |
| September 15, 2021 | Offering | $25,000 | $750,000 | December 31, 2021 | sec.gov |
Updated April 18, 2024. 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.