Data / Crowdfunding / New Jersey / Hidden Sands Brewing Company, Inc.
Hidden Sands Brewing Company, Inc.: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $415,000 (2024)
Hidden Sands Brewing Company, Inc., a corporation in Egg Harbor Township, NJ, filed a Form C with the SEC on February 13, 2024 to raise $25,000 to $415,000 in debt through Honeycomb Portal LLC. The offering closed on April 13, 2024. In its most recent fiscal year it reported $328,898 in revenue and a net loss of $43,788, with 17 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.hiddensands.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 6754 WASHINGTON AVE., UNIT B UNIT B, Egg Harbor Township, NJ 08234
- Legal form
- Corporation
- Jurisdiction
- NJ
- Incorporated
- December 1, 2005
- SEC CIK
- 0001966275
Offering terms
From the amendment filed February 13, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $415,000
- Deadline
- April 13, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C/A filed February 13, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $328,898 | $405,829 | sec.gov |
| Cost of goods sold | $61,172 | $74,047 | sec.gov |
| Net income | $-43,788 | $-189,742 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,422,356 | $2,409,978 | sec.gov |
| Cash | $11,856 | $13,154 | sec.gov |
| Accounts receivable | $5,287 | $2,637 | sec.gov |
| Short-term debt | $36,548 | $1,013,770 | sec.gov |
| Long-term debt | $2,569,928 | $1,499,014 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 13, 2024 | Amendment | $25,000 | $415,000 | April 13, 2024 | Fix to offering statement blank images rendering | sec.gov |
| February 13, 2024 | Amendment | $25,000 | $415,000 | April 13, 2024 | Update to offering end date. | sec.gov |
| January 10, 2024 | Offering | $25,000 | $415,000 | February 29, 2024 | sec.gov | |
| June 27, 2023 | Progress update | $10,000 | $1,235,000 | June 23, 2023 | At the close of the offering, the issuer closed on $50,523.53 and 11,228 number of securities. | sec.gov |
| April 24, 2023 | Offering | $10,000 | $1,235,000 | June 23, 2023 | sec.gov |
Updated February 13, 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.