Data / Crowdfunding / Tennessee / FROG JUICE INC
FROG JUICE INC: crowdfunding raise on MainVest, Inc., $10,000 to $250,000 (2020)
FROG JUICE INC, a corporation in Maryville, TN, filed a Form C with the SEC on December 22, 2020 to raise $10,000 to $250,000 in debt through MainVest, Inc.. The offering closed on January 6, 2021. In its most recent fiscal year it reported $41,036 in revenue and $4,328 in net income, with 4 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.frogjuicekombucha.com
- Funding portal
- MainVest, Inc.
- Address
- 2617 E BROADWAY AVE, Maryville, TN 37804
- Legal form
- Corporation
- Jurisdiction
- TN
- Incorporated
- March 15, 2018
- SEC CIK
- 0001816756
Offering terms
From the amendment filed December 22, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $10,000
- Maximum
- $250,000
- Deadline
- January 6, 2021
- 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 January 8, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $41,036 | $35,810 | sec.gov |
| Cost of goods sold | $8,817 | $12,615 | sec.gov |
| Net income | $4,328 | $-13,752 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $23,525 | $21,240 | sec.gov |
| Cash | $5,874 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $22,790 | $15,656 | sec.gov |
| Long-term debt | $40,438 | $42,438 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 8, 2021 | Progress update | $10,000 | $250,000 | January 6, 2021 | At the close of the offering, the issuer closed on $10,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 22, 2020 | Amendment | $10,000 | $250,000 | January 6, 2021 | Issuer is extending the deadline to make an investment. Issuer is also amending the target offering amount. Lastly, Issuer is amending the terms of the note agreement accordingly. | sec.gov |
| September 23, 2020 | Amendment | $50,000 | $250,000 | December 23, 2020 | Issuer is extending the deadline to make an investment. Issuer is also amending financials statements in Appendix B & their tax return information for the most recent financial year. Lastly, Issuer is amending a business plan | sec.gov |
| July 7, 2020 | Offering | $50,000 | $250,000 | September 30, 2020 | sec.gov |
Updated January 8, 2021. 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.