Data / Crowdfunding / Washington / Mainstem Malt, SPC
Mainstem Malt, SPC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2021)
Mainstem Malt, SPC, a corporation in Walla Walla, WA, filed a Form C with the SEC on May 18, 2021 to raise $50,000 to $1,000,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $347,019 in revenue and a net loss of $181,430, with 2 employees.
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- Website
- www.mainstemmalt.com
- Funding portal
- Wefunder Portal LLC
- Address
- 128 W Maple St, Walla Walla, WA 99362
- Legal form
- Corporation
- Jurisdiction
- WA
- Incorporated
- May 30, 2018
- SEC CIK
- 0001758566
Offering terms
From the offering filed May 18, 2021.
- Security
- Preferred Stock
- Price
- $0.32
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- April 30, 2022
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed April 28, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $347,019 | $435,792 | sec.gov |
| Cost of goods sold | $331,005 | $401,056 | sec.gov |
| Net income | $-181,430 | $-146,017 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $249,271 | $270,569 | sec.gov |
| Cash | $8,290 | $27,461 | sec.gov |
| Accounts receivable | $36,623 | $62,559 | sec.gov |
| Short-term debt | $26,417 | $87,504 | sec.gov |
| Long-term debt | $81,469 | $25,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 18, 2021 | Offering | $50,000 | $1,000,000 | April 30, 2022 | sec.gov |
Updated April 28, 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.