Data / Crowdfunding / Washington / Fair Isle Brewing LLC
Fair Isle Brewing LLC: crowdfunding raise on NextSeed US LLC, $200,000 to $400,000 (2018)
Fair Isle Brewing LLC, a limited liability company in Seattle, WA, filed a Form C with the SEC on September 14, 2018 to raise $200,000 to $400,000 in debt through NextSeed US LLC. The offering closed on November 30, 2018. In its most recent fiscal year it reported $0 in revenue and a net loss of $42,696, with 1 employees.
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- Website
- fairislebrewing.com
- Funding portal
- NextSeed US LLC
- Address
- 936 NW 49TH STREET, Seattle, WA 98107
- Legal form
- Limited Liability Company
- Jurisdiction
- WA
- Incorporated
- April 20, 2016
- SEC CIK
- 0001691608
Offering terms
From the offering filed September 14, 2018.
- Security
- Debt
- Target
- $200,000
- Maximum
- $400,000
- Deadline
- November 30, 2018
- Portal compensation
- A % of the total Offering Amount (10% for <$250,000 and 9% for more than $250,000 and $500,000 or less, 8% for more than $500,000 and $750,000 or less and 7% for more than $750,000); provided only 5% is charged on investors introduced by the issuer.
Financials
From the Form C-AR filed April 30, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-42,696 | $-21,972 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $805,630 | $241,189 | sec.gov |
| Cash | $484,063 | $241,189 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $15,378 | $32,668 | sec.gov |
| Long-term debt | $303,737 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 3, 2019 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| December 4, 2018 | Progress update | $200,000 | $400,000 | November 30, 2018 | Issuer raised $329,400. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| September 14, 2018 | Offering | $200,000 | $400,000 | November 30, 2018 | sec.gov |
Updated May 3, 2019. 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.