Data / Crowdfunding / New York / Evolution Spirits, Inc.
Evolution Spirits, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2017)
Evolution Spirits, Inc., a corporation in New York, NY, filed a Form C with the SEC on February 7, 2017 to raise $50,000 to $1,000,000 in Convertible Note through Wefunder Portal LLC. The offering closed on February 13, 2017. In its most recent fiscal year it reported $493,819 in revenue and a net loss of $1,361,952, with 4 employees.
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- Website
- www.monkeyrum.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1123 Broadway, Suite 1007, New York, NY 10014
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 9, 2014
- SEC CIK
- 0001687373
Offering terms
From the amendment filed February 7, 2017.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- February 13, 2017
- Portal compensation
- 4.0% 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/A filed February 7, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $493,819 | $92,402 | sec.gov |
| Cost of goods sold | $286,942 | $59,359 | sec.gov |
| Net income | $-1,361,952 | $-485,420 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $386,793 | $546,137 | sec.gov |
| Cash | $9,003 | $285,505 | sec.gov |
| Accounts receivable | $40,544 | $11,547 | sec.gov |
| Short-term debt | $981,188 | $93,344 | sec.gov |
| Long-term debt | $674,034 | $630,282 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 7, 2017 | Amendment | $50,000 | $1,000,000 | February 13, 2017 | Moved deadline date forward to February 13, include updated business plan and video transcripts. | sec.gov |
| January 30, 2017 | Withdrawal | Not listed | Not listed | sec.gov | ||
| January 30, 2017 | Offering | $25,000 | $100,000 | May 12, 2017 | sec.gov | |
| January 12, 2017 | Amendment | $50,000 | $1,000,000 | April 17, 2017 | Included CPA reviewed financials, increased maximum target to $1M, updated board of directors, updated risks / disclosures, updated business plan and other changes. Please review the Form C for all the details. | sec.gov |
| October 19, 2016 | Offering | $50,000 | $100,000 | April 17, 2017 | sec.gov |
Updated February 7, 2017. 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.