Data / Crowdfunding / Maryland / Joyhound Beer Co LLC
Joyhound Beer Co LLC: crowdfunding raise on MainVest, Inc., $146,000 to $450,000 (2024)
Joyhound Beer Co LLC, a limited liability company in Woodstock, MD, filed a Form C with the SEC on April 18, 2024 to raise $146,000 to $450,000 in debt through MainVest, Inc.. The offering closed on May 10, 2024. In its most recent fiscal year it reported $47,123 in revenue and a net loss of $9,216, with 2 employees.
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- Website
- joyhoundbeercompany.com
- Funding portal
- MainVest, Inc.
- Address
- 10342 OLD FREDERICK RD, Woodstock, MD 21163
- Legal form
- Limited Liability Company
- Jurisdiction
- MD
- Incorporated
- December 4, 2019
- SEC CIK
- 0001981851
Offering terms
From the amendment filed April 18, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $146,000
- Maximum
- $450,000
- Deadline
- May 10, 2024
- Portal compensation
- MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.
Financials
From the Form C-U filed June 6, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $47,123 | $32,573 | sec.gov |
| Cost of goods sold | $27,403 | $31,203 | sec.gov |
| Net income | $-9,216 | $-26,252 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $14,501 | $20,645 | sec.gov |
| Cash | $1,761 | $1,701 | sec.gov |
| Accounts receivable | $4,454 | $6,004 | sec.gov |
| Short-term debt | $4,874 | $7,211 | sec.gov |
| Long-term debt | $16,548 | $21,475 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 6, 2024 | Progress update | $146,000 | $450,000 | May 10, 2024 | At the close of the offering, the issuer closed on $126,500. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 18, 2024 | Amendment | $146,000 | $450,000 | May 10, 2024 | Issuer is extending the deadline to make an investment. Issuer is amending the target investment amount, as well as use of funds. Issuer is updating the business plan. | sec.gov |
| January 30, 2024 | Amendment | $146,000 | $450,000 | April 16, 2024 | Issuer is extending the deadline to make an investment. Issuer is amending the target investment amount, projections, as well as use of funds. Issuer is updating the business plan. | sec.gov |
| September 15, 2023 | Amendment | $205,000 | $450,000 | January 31, 2024 | Issuer is extending the deadline to make an investment. Issuer is also amending financial projections. Lastly, Issuer is adding supplemental documents. | sec.gov |
| September 8, 2023 | Offering | $205,000 | $450,000 | January 5, 2024 | sec.gov |
Updated June 6, 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.