Data / Crowdfunding / Georgia / MONKEY WRENCH BREWING COMPANY, LLC
MONKEY WRENCH BREWING COMPANY, LLC: crowdfunding raise on Honeycomb Portal LLC, $50,000 to $150,000 (2021)
MONKEY WRENCH BREWING COMPANY, LLC, a limited liability company in Suwanee, GA, filed a Form C with the SEC on September 9, 2021 to raise $50,000 to $150,000 in debt through Honeycomb Portal LLC. The offering closed on October 28, 2021. In its most recent fiscal year it reported $329,444 in revenue and a net loss of $72,216, with 12 employees.
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- Website
- www.monkeywrenchbrewing.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 3425 MARTIN FARM RD, Suwanee, GA 30024
- Legal form
- Limited Liability Company
- Jurisdiction
- GA
- Incorporated
- September 30, 2011
- SEC CIK
- 0001804624
Offering terms
From the offering filed September 9, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $50,000
- Maximum
- $150,000
- Deadline
- October 28, 2021
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed November 16, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $329,444 | $0 | sec.gov |
| Cost of goods sold | $73,605 | $0 | sec.gov |
| Net income | $-72,216 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $735,415 | $569,386 | sec.gov |
| Cash | $62,150 | $5,344 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $2,662 | $9,789 | sec.gov |
| Long-term debt | $11,097 | $208,706 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 16, 2021 | Progress update | $50,000 | $150,000 | October 28, 2021 | Total raised $61,141 | sec.gov |
| September 9, 2021 | Offering | $50,000 | $150,000 | October 28, 2021 | sec.gov | |
| September 9, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 1, 2021 | Progress update | $25,000 | $150,000 | January 21, 2021 | Total raised $34,550/ | sec.gov |
| November 30, 2020 | Offering | $25,000 | $150,000 | January 21, 2021 | sec.gov | |
| May 12, 2020 | Progress update | $50,000 | $107,000 | May 1, 2020 | At the close of the offering, the issuer closed on $15,300. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| April 24, 2020 | Amendment | $50,000 | $107,000 | May 1, 2020 | Issuer is extending the deadline to make an investment. The Issuer is also amending the minimum amount to raise as well as terms of note agreement. Lastly, Issuer is amending use of funds respectively. | sec.gov |
| February 27, 2020 | Offering | $50,000 | $107,000 | May 1, 2020 | sec.gov |
Updated November 16, 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.