Data / Crowdfunding / Idaho / Magic Valley Brewing LLC
Magic Valley Brewing LLC: crowdfunding raise on MainVest, Inc., $10,000 to $50,000 (2021)
Magic Valley Brewing LLC, a limited liability company in Buhl, ID, filed a Form C with the SEC on March 16, 2021 to raise $10,000 to $50,000 in debt through MainVest, Inc.. The offering closed on May 12, 2021. In its most recent fiscal year it reported $210,218 in revenue and a net loss of $24,094, with 12 employees.
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- Website
- magicvalleybrewing.com
- Funding portal
- MainVest, Inc.
- Address
- 208 BROADWAY AVE N, Buhl, ID 83316
- Legal form
- Limited Liability Company
- Jurisdiction
- ID
- Incorporated
- April 22, 2015
- SEC CIK
- 0001828004
Offering terms
From the amendment filed March 16, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $10,000
- Maximum
- $50,000
- Deadline
- May 12, 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 May 13, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $210,218 | $181,519 | sec.gov |
| Cost of goods sold | $63,687 | $67,586 | sec.gov |
| Net income | $-24,094 | $-55,143 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $30,202 | $39,179 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $11,165 | $12,609 | sec.gov |
| Long-term debt | $40,000 | $441,077 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 13, 2021 | Progress update | $10,000 | $50,000 | May 12, 2021 | At the close of the offering, the issuer closed on $12,250. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| March 16, 2021 | Amendment | $10,000 | $50,000 | May 12, 2021 | Intermediary is correcting a typographical error involving the maturity date of the note. Amended note agreement and offering memorandum are attached. | sec.gov |
| March 12, 2021 | Offering | $10,000 | $50,000 | May 12, 2021 | sec.gov | |
| March 12, 2021 | Progress update | $25,000 | $100,000 | March 10, 2021 | At the close of the offering, the issuer closed on $100,000. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 9, 2020 | Amendment | $25,000 | $100,000 | March 10, 2021 | Intermediary is amending a typographical error on the Offering Memorandum to correct the deadline to make an investment. | sec.gov |
| December 9, 2020 | Offering | $25,000 | $100,000 | February 24, 2021 | sec.gov |
Updated May 13, 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.