Data / Crowdfunding / Massachusetts / Medford Brewing Company
Medford Brewing Company: crowdfunding raise on Wefunder Portal LLC, $60,000 to $701,000 (2019)
Medford Brewing Company, a corporation in Medford, MA, filed a Form C with the SEC on February 21, 2019 to raise $60,000 to $701,000 in debt through Wefunder Portal LLC. The offering closed on May 24, 2019. In its most recent fiscal year it reported $85,430 in revenue and a net loss of $30,266, with 1 employees.
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- Website
- www.mbrewing.com
- Funding portal
- Wefunder Portal LLC
- Address
- 20 Dutton Circle, Medford, MA 02155
- Legal form
- Corporation
- Jurisdiction
- MA
- Incorporated
- August 31, 2015
- SEC CIK
- 0001764207
Offering terms
From the offering filed February 21, 2019.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $701,000
- Deadline
- May 24, 2019
- Portal compensation
- 7.0% 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 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $85,430 | $62,802 | sec.gov |
| Cost of goods sold | $62,796 | $43,902 | sec.gov |
| Net income | $-30,266 | $6,549 | sec.gov |
| Taxes paid | $565 | $565 | sec.gov |
| Total assets | $275,598 | $29,712 | sec.gov |
| Cash | $275,598 | $18,858 | sec.gov |
| Accounts receivable | $0 | $10,854 | sec.gov |
| Short-term debt | $40 | $4,737 | sec.gov |
| Long-term debt | $305,782 | $24,933 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| June 11, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| February 21, 2019 | Offering | $60,000 | $701,000 | May 24, 2019 | sec.gov |
Updated April 30, 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.