Data / Crowdfunding / New York / NPTA Spirits
NPTA Spirits: crowdfunding raise on First Democracy VC, $25,000 to $107,000 (2017)
NPTA Spirits, a corporation in New York, NY, filed a Form C with the SEC on December 22, 2017 to raise $25,000 to $107,000 in preferred stock through First Democracy VC. The offering closed on January 22, 2018. In its most recent fiscal year it reported $17,709 in revenue and a net loss of $16,850.
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- Website
- www.materialvodka.com
- Funding portal
- First Democracy VC
- Address
- 170 Park Row Suite 12a, New York, NY 10038
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- April 28, 2014
- SEC CIK
- 0001722152
Offering terms
From the amendment filed December 22, 2017.
- Security
- Preferred Stock
- Price
- $0.12
- Target
- $25,000
- Maximum
- $107,000
- Deadline
- January 22, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed May 13, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $17,709 | $24,779 | sec.gov |
| Cost of goods sold | $34,559 | $30,068 | sec.gov |
| Net income | $-16,850 | $-31,075 | sec.gov |
| Taxes paid | $800 | $800 | sec.gov |
| Total assets | $-15,087 | $40,252 | sec.gov |
| Cash | $4,278 | $35,559 | sec.gov |
| Accounts receivable | $540 | $0 | sec.gov |
| Short-term debt | $135 | $9,227 | sec.gov |
| Long-term debt | $196,000 | $196,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 13, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| September 23, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| June 12, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| May 30, 2018 | Progress update | $25,000 | $107,000 | January 22, 2018 | $89,579.72 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| December 22, 2017 | Amendment | $25,000 | $107,000 | January 22, 2018 | The Form C has been amended to reflect a change in the Convertible Securities description within the Capitalization and Ownership section of the Form C, to disclose further amendments made to the convertible securities agreements on December 9, 2017. | sec.gov |
| December 8, 2017 | Offering | $25,000 | $107,000 | January 22, 2018 | sec.gov |
Updated May 13, 2020. 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.