Data / Crowdfunding / Indiana / Fenwick Farms Brewing Co, LLC
Fenwick Farms Brewing Co, LLC: crowdfunding raise on MainVest, Inc., $50,000 to $120,000 (2020)
Fenwick Farms Brewing Co, LLC, a limited liability company in Rensselaer, IN, filed a Form C with the SEC on August 25, 2020 to raise $50,000 to $120,000 in debt through MainVest, Inc.. The offering closed on October 28, 2020. In its most recent fiscal year it reported $857,477 in revenue and a net loss of $101,135, with 30 employees.
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- Website
- www.fenwickfarmsbrewingcompany.com
- Funding portal
- MainVest, Inc.
- Address
- PO BOX 291, Rensselaer, IN 47978
- Legal form
- Limited Liability Company
- Jurisdiction
- IN
- Incorporated
- October 11, 2016
- SEC CIK
- 0001822369
Offering terms
From the offering filed August 25, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $120,000
- Deadline
- October 28, 2020
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed November 2, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $857,477 | $599,366 | sec.gov |
| Cost of goods sold | $390,261 | $233,763 | sec.gov |
| Net income | $-101,135 | $94,827 | sec.gov |
| Taxes paid | $94,335 | $25,192 | sec.gov |
| Total assets | $114,561 | $122,022 | sec.gov |
| Cash | $14,091 | $11,957 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $203,965 | $109,398 | sec.gov |
| Long-term debt | $108,035 | $90,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 2, 2020 | Progress update | $50,000 | $120,000 | October 28, 2020 | At the close of the offering, the issuer closed on $75,700. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| August 25, 2020 | Offering | $50,000 | $120,000 | October 28, 2020 | sec.gov |
Updated November 2, 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.