Data / Crowdfunding / California / Organic Craft Brewing Co.
Organic Craft Brewing Co.: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2021)
Organic Craft Brewing Co., a corporation in Vista, CA, filed a Form C with the SEC on June 8, 2021 to raise $9,999 to $1,069,999 in Class B Common Stock through StartEngine Capital, LLC. The offering closed on December 6, 2021. In its most recent fiscal year it reported $1,793,488 in revenue and a net loss of $1,751,520, with 23 employees.
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- Website
- www.localrootskombucha.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 1430 VANTAGE COURT SUITE 101 SUITE 101, Vista, CA 92081
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- January 10, 2017
- SEC CIK
- 0001864407
Offering terms
From the offering filed June 8, 2021.
- Security
- Class B Common Stock
- Price
- $2.63
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- December 6, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 5, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,793,488 | $565,376 | sec.gov |
| Cost of goods sold | $1,239,530 | $176,978 | sec.gov |
| Net income | $-1,751,520 | $-368,712 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,151,855 | $673,732 | sec.gov |
| Cash | $325,115 | $83,026 | sec.gov |
| Accounts receivable | $54,073 | $42,312 | sec.gov |
| Short-term debt | $558,563 | $292,295 | sec.gov |
| Long-term debt | $2,900,836 | $409,829 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 5, 2022 | Progress update | $9,999 | $1,069,999 | December 6, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $359,504.99 and 141,170 shares of common stock. | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| December 7, 2021 | Progress update | $9,999 | $1,069,999 | December 6, 2021 | At the close of the offering, the issuer closed on $321,902.62 and 126,832 shares of common stock. | sec.gov |
| June 8, 2021 | Offering | $9,999 | $1,069,999 | December 6, 2021 | sec.gov |
Updated October 5, 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.