Data / Crowdfunding / California / GLOW Beverages, inc.
GLOW Beverages, inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $107,000 (2019)
GLOW Beverages, inc., a corporation in Rancho Cucamonga, CA, filed a Form C with the SEC on December 2, 2019 to raise $10,000 to $107,000 in Convertible Note through StartEngine Capital, LLC. The offering closed on February 3, 2020. In its most recent fiscal year it reported $78,636 in revenue and a net loss of $281,504, with 3 employees.
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- Website
- www.drinkGLOW.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 9233 CHARLES SMITH AVENUE, Rancho Cucamonga, CA 91730
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 19, 2019
- SEC CIK
- 0001782652
Offering terms
From the amendment filed December 2, 2019.
- Security
- Convertible Note
- Target
- $10,000
- Maximum
- $107,000
- Deadline
- February 3, 2020
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 7, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $78,636 | $27,356 | sec.gov |
| Cost of goods sold | $56,964 | $13,828 | sec.gov |
| Net income | $-281,504 | $-345,732 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $364,919 | $314,440 | sec.gov |
| Cash | $14,840 | $2,340 | sec.gov |
| Accounts receivable | $5,167 | $3,918 | sec.gov |
| Short-term debt | $129,222 | $37,465 | sec.gov |
| Long-term debt | $33,854 | $48,716 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 7, 2022 | Progress update | $10,000 | $107,000 | February 3, 2020 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $97,728.01 and 97,728 number of securities. | sec.gov |
| June 21, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 10, 2020 | Progress update | $10,000 | $107,000 | February 3, 2020 | The amount raised at the time of closing is $100,111.01 | sec.gov |
| December 2, 2019 | Amendment | $10,000 | $107,000 | February 3, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| October 18, 2019 | Amendment | $10,000 | $107,000 | December 5, 2019 | Issuer is extending the length of their campaign by 45 days. | sec.gov |
| July 19, 2019 | Amendment | $10,000 | $107,000 | October 21, 2019 | updating exhibit F | sec.gov |
| July 19, 2019 | Offering | $10,000 | $107,000 | October 21, 2019 | sec.gov |
Updated October 7, 2022. 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.