Data / Crowdfunding / Arizona / Flying Leap Vineyards, Inc.
Flying Leap Vineyards, Inc.: crowdfunding raise on MainVest, Inc., $124,000 to $250,000 (2024)
Flying Leap Vineyards, Inc., a corporation in Tucson, AZ, filed a Form C with the SEC on May 2, 2024 to raise $124,000 to $250,000 in debt through MainVest, Inc.. The offering closed on May 16, 2024. In its most recent fiscal year it reported $2,263,613 in revenue and a net loss of $13,717, with 2 employees.
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- Website
- flyingleapvineyards.com
- Funding portal
- MainVest, Inc.
- Address
- 7312 E 45TH ST, Tucson, AZ 85370
- Legal form
- Corporation
- Jurisdiction
- AZ
- Incorporated
- November 17, 2020
- SEC CIK
- 0001945716
Offering terms
From the amendment filed May 2, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $124,000
- Maximum
- $250,000
- Deadline
- May 16, 2024
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed June 6, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,263,613 | $2,038,318 | sec.gov |
| Cost of goods sold | $288,890 | $690,504 | sec.gov |
| Net income | $-13,717 | $-652,775 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,104,326 | $5,530,276 | sec.gov |
| Cash | $478,448 | $363,583 | sec.gov |
| Accounts receivable | $12,080 | $113,949 | sec.gov |
| Short-term debt | $427,417 | $708,898 | sec.gov |
| Long-term debt | $4,615,990 | $3,890,040 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 6, 2024 | Progress update | $124,000 | $250,000 | May 16, 2024 | At the close of the offering, the issuer closed on $35,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| May 2, 2024 | Amendment | $124,000 | $250,000 | May 16, 2024 | Issuer is extending the deadline to make an investment. Issuer is also amending the target investment amount. Lastly, Issuer is amending the use of funds accordingly. | sec.gov |
| February 7, 2024 | Amendment | $124,000 | $250,000 | May 6, 2024 | Issuer is amending the terms of the revenue sharing note. Issuer is also extending the deadline to make an investment. | sec.gov |
| December 6, 2023 | Amendment | $124,000 | $250,000 | February 2, 2024 | Issuer is amending the target offering amount. Issuer is also amending the use of funds. | sec.gov |
| November 29, 2023 | Amendment | $300,000 | $500,000 | February 2, 2024 | Issuer is amending the security being offered from equity to debt. Issuer is also amending the target offering amount. Lastly, Issuer is amending the use of funds. | sec.gov |
| October 31, 2023 | Offering | $792,000 | $1,104,000 | February 2, 2024 | sec.gov | |
| January 9, 2023 | Progress update | $75,000 | $124,000 | January 8, 2023 | At the close of the offering, the issuer closed on $124,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 29, 2022 | Amendment | $75,000 | $124,000 | January 8, 2023 | Issuer is extending the deadline to make an investment. Intermediary is correcting a typographical error on offering memorandum. | sec.gov |
| November 29, 2022 | Amendment | $75,000 | $124,000 | January 8, 2023 | Issuer is extending the deadline to make an investment. | sec.gov |
| September 27, 2022 | Offering | $75,000 | $124,000 | December 2, 2022 | sec.gov |
Updated June 6, 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.