Data / Crowdfunding / Massachusetts / Gentile Brewing Company, LLC
Gentile Brewing Company, LLC: crowdfunding raise on MainVest, Inc., $50,000 to $75,000 (2020)
Gentile Brewing Company, LLC, a limited liability company in Beverly, MA, filed a Form C with the SEC on December 28, 2020 to raise $50,000 to $75,000 in debt through MainVest, Inc.. The offering closed on March 10, 2021. In its most recent fiscal year it reported $260,212 in revenue and $8,134 in net income, with 5 employees.
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- Website
- gentilebrewing.com/about
- Funding portal
- MainVest, Inc.
- Address
- 59 PARK ST UNIT 1, Beverly, MA 01915
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- March 4, 2015
- SEC CIK
- 0001834691
Offering terms
From the offering filed December 28, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $75,000
- Deadline
- March 10, 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 February 12, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $260,212 | $225,400 | sec.gov |
| Cost of goods sold | $31,832 | $32,729 | sec.gov |
| Net income | $8,134 | $26,030 | sec.gov |
| Taxes paid | $13,905 | $6,606 | sec.gov |
| Total assets | $146,312 | $150,813 | sec.gov |
| Cash | $7,326 | $18,530 | sec.gov |
| Accounts receivable | $3,384 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $28,296 | $13,314 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 12, 2021 | Progress update | $50,000 | $75,000 | March 10, 2021 | At the close of the offering, the issuer closed on $75,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 28, 2020 | Offering | $50,000 | $75,000 | March 10, 2021 | sec.gov |
Updated February 12, 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.