Data / Crowdfunding / Maine / Maine Craft Distilling LLC
Maine Craft Distilling LLC: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Maine Craft Distilling LLC, a limited liability company in Portland, ME, filed a Form C with the SEC on October 22, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 12, 2021. In its most recent fiscal year it reported $2,678,577 in revenue and $208,197 in net income, with 15 employees.
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- Website
- mainecraftdistilling.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 123 WASHINGTON AVE, #4, Portland, ME 04101
- Legal form
- Limited Liability Company
- Jurisdiction
- ME
- Incorporated
- January 26, 2012
- SEC CIK
- 0001571942
Offering terms
From the amendment filed October 22, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 12, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-U filed November 17, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,678,577 | $1,682,119 | sec.gov |
| Cost of goods sold | $1,440,329 | $1,211,233 | sec.gov |
| Net income | $208,197 | $-693,317 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,058,034 | $755,041 | sec.gov |
| Cash | $0 | $0 | sec.gov |
| Accounts receivable | $62,506 | $18,300 | sec.gov |
| Short-term debt | $959,887 | $942,106 | sec.gov |
| Long-term debt | $735,249 | $658,234 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 17, 2021 | Progress update | $25,000 | $1,070,000 | November 12, 2021 | The Offering closed successfully on November 13, 2021, having received investment commitments of $145,193, although a final accounting has not taken place. | sec.gov |
| October 22, 2021 | Amendment | $25,000 | $1,070,000 | November 12, 2021 | Removed Square Loan, which has been paid in full, added new Bottle Shop Square Loan which has an amount outstanding of $22,500 and Public House Square Loan with amount outstanding of $113,250 and revised cash on hand to reflect amount on September 30, 2021 | sec.gov |
| July 16, 2021 | Offering | $25,000 | $1,070,000 | November 12, 2021 | sec.gov |
Updated November 17, 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.