Data / Crowdfunding / Massachusetts / PORTICO BREWING Co LLC
PORTICO BREWING Co LLC: crowdfunding raise on MainVest, Inc., $75,000 to $175,000 (2020)
PORTICO BREWING Co LLC, a limited liability company in Cambridge, MA, filed a Form C with the SEC on August 4, 2020 to raise $75,000 to $175,000 in debt through MainVest, Inc.. The offering closed on October 28, 2020. In its most recent fiscal year it reported $40,582 in revenue and a net loss of $31,795, with 2 employees.
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- Website
- PorticoBrewing.com
- Funding portal
- MainVest, Inc.
- Address
- 3 SHADY HILL SQ, Cambridge, MA 02138
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- February 2, 2012
- SEC CIK
- 0001818470
Offering terms
From the amendment filed August 4, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $75,000
- Maximum
- $175,000
- Deadline
- October 28, 2020
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed November 2, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $40,582 | $41,087 | sec.gov |
| Cost of goods sold | $31,103 | $31,093 | sec.gov |
| Net income | $-31,795 | $-8,914 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $51,964 | $40,628 | sec.gov |
| Cash | $19,155 | $16,129 | sec.gov |
| Accounts receivable | $7,102 | $8,197 | sec.gov |
| Short-term debt | $21,530 | $14,400 | sec.gov |
| Long-term debt | $121,553 | $85,553 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 2, 2020 | Progress update | $75,000 | $175,000 | October 28, 2020 | At the close of the offering, the issuer closed on $131,100. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| August 4, 2020 | Amendment | $75,000 | $175,000 | October 28, 2020 | Correcting a clerical error with regards to historical tax information | sec.gov |
| July 31, 2020 | Offering | $75,000 | $175,000 | October 28, 2020 | sec.gov |
Updated November 2, 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.