Data / Crowdfunding / California / Plug Drink, Inc.
Plug Drink, Inc.: crowdfunding raise on ALAO Invest LLC, $25,000 to $1,070,000 (2022)
Plug Drink, Inc., a corporation in Los Angeles, CA, filed a Form C with the SEC on August 23, 2022 to raise $25,000 to $1,070,000 in common stock through ALAO Invest LLC. The offering closed on November 22, 2022. In its most recent fiscal year it reported $5,712,487 in revenue and a net loss of $673,712, with 8 employees.
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- Website
- www.thplugdrink.com
- Funding portal
- ALAO Invest LLC
- Address
- 1840 E. 46TH STREET, Los Angeles, CA 90058
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 26, 2019
- SEC CIK
- 0001943842
Offering terms
From the offering filed August 23, 2022.
- Security
- Common Stock
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 22, 2022
- Portal compensation
- A success fee equal to five percent (5%) of the amount raised in the offering. ALAO Invest LLC will also receive compensation in the form of securities equal to one percent (1%) of the total number of securities sold in the offering.
Financials
From the Form C-AR/A filed June 13, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $5,712,487 | $4,976,133 | sec.gov |
| Cost of goods sold | $1,825,544 | $1,603,029 | sec.gov |
| Net income | $-673,712 | $-2,077,480 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $556,699 | $738,474 | sec.gov |
| Cash | $104,367 | $210,392 | sec.gov |
| Accounts receivable | $97,912 | $21,351 | sec.gov |
| Short-term debt | $1,013,430 | $1,702,013 | sec.gov |
| Long-term debt | $1,127,917 | $98,468 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 14, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| June 13, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| June 13, 2024 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| June 11, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 23, 2022 | Offering | $25,000 | $1,070,000 | November 22, 2022 | sec.gov |
Updated June 14, 2024. 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.