Data / Crowdfunding / California / MISSION BREWERY, INC.
MISSION BREWERY, INC.: crowdfunding raise on Wefunder Portal LLC, $300,002 to $1,000,000 (2017)
MISSION BREWERY, INC., a corporation in San Diego, CA, filed a Form C with the SEC on October 25, 2017 to raise $300,002 to $1,000,000 in common stock through Wefunder Portal LLC. The offering closed on March 30, 2018. In its most recent fiscal year it reported $4,513,460 in revenue and a net loss of $2,194,954, with 35 employees.
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- Website
- missionbrewery.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1441 L Street, San Diego, CA 92101
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- December 18, 2007
- SEC CIK
- 0001707358
Offering terms
From the amendment filed October 25, 2017.
- Security
- Common Stock
- Price
- $4.32
- Target
- $300,002
- Maximum
- $1,000,000
- Deadline
- March 30, 2018
- Portal compensation
- 4.0% 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/A filed October 25, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $4,513,460 | $4,619,930 | sec.gov |
| Cost of goods sold | $3,920,747 | $3,409,288 | sec.gov |
| Net income | $-2,194,954 | $-685,229 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,296,227 | $2,189,548 | sec.gov |
| Cash | $627,071 | $285,714 | sec.gov |
| Accounts receivable | $381,326 | $462,903 | sec.gov |
| Short-term debt | $820,332 | $1,180,725 | sec.gov |
| Long-term debt | $5,304,880 | $2,329,424 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 25, 2017 | Amendment | $300,002 | $1,000,000 | March 30, 2018 | Corrected burn rate, and updated business plan. | sec.gov |
| October 2, 2017 | Offering | $300,002 | $1,000,000 | March 30, 2018 | sec.gov |
Updated October 25, 2017. 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.