Data / Crowdfunding / California / IZO Spirits, Inc.
IZO Spirits, Inc.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2021)
IZO Spirits, Inc., a corporation in San Diego, CA, filed a Form C with the SEC on August 13, 2021 to raise $10,000 to $1,070,000 in Class B Non-voting Common Stock through StartEngine Capital, LLC. The offering closed on February 9, 2022. In its most recent fiscal year it reported $105,738 in revenue and a net loss of $356,737, with 6 employees.
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- Website
- www.izospirits.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 5404 NAPA STREET, SUITE 300 SUITE 300, San Diego, CA 92103
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 21, 2020
- SEC CIK
- 0001842399
Offering terms
From the offering filed August 13, 2021.
- Security
- Class B Non-voting Common Stock
- Price
- $1.25
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- February 9, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed March 3, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $105,738 | $45,711 | sec.gov |
| Cost of goods sold | $86,730 | $22,042 | sec.gov |
| Net income | $-356,737 | $-370,107 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $196,601 | $11,743 | sec.gov |
| Cash | $15,336 | $6,432 | sec.gov |
| Accounts receivable | $68,623 | $3,561 | sec.gov |
| Short-term debt | $93,849 | $254 | sec.gov |
| Long-term debt | $457,000 | $509,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 3, 2022 | Progress update | $10,000 | $1,070,000 | February 9, 2022 | Adjustment to the initial Form C-U filing of 02/10/2022. At the close of the offering, the issuer closed on $328,086.40 and 281,646 number of securities. | sec.gov |
| February 10, 2022 | Progress update | $10,000 | $1,070,000 | February 9, 2022 | At the close of the offering, the issuer closed on $289,471.77 and 250726 number of securities. | sec.gov |
| August 13, 2021 | Offering | $10,000 | $1,070,000 | February 9, 2022 | sec.gov |
Updated March 3, 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.