Data / Crowdfunding / Maryland / Southeastern Roast & Brewery L.L.C.
Southeastern Roast & Brewery L.L.C.: crowdfunding raise on MiTec, PBC, $15,000 to $107,000 (2020)
Southeastern Roast & Brewery L.L.C., a limited liability company in Baltimore, MD, filed a Form C with the SEC on March 18, 2020 to raise $15,000 to $107,000 in debt through MiTec, PBC. The offering closed on April 30, 2020. In its most recent fiscal year it reported $59,693 in revenue and $11,747 in net income, with 3 employees.
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- Website
- www.southeasternroastery.com
- Funding portal
- MiTec, PBC
- Address
- 1433 EAST FORT AVENUE, Baltimore, MD 21230
- Legal form
- Limited Liability Company
- Jurisdiction
- DC
- Incorporated
- June 15, 2017
- SEC CIK
- 0001749621
Offering terms
From the amendment filed March 18, 2020.
- Security
- Debt
- Target
- $15,000
- Maximum
- $107,000
- Deadline
- April 30, 2020
- Portal compensation
- 6% of offering proceeds that are actually distributed to the issuer plus third-party escrow fees
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $59,693 | $16,596 | sec.gov |
| Cost of goods sold | $47,946 | $6,535 | sec.gov |
| Net income | $11,747 | $-5,338 | sec.gov |
| Taxes paid | $3,582 | $996 | sec.gov |
| Total assets | $35,000 | $33,428 | sec.gov |
| Cash | $7,500 | $25,000 | sec.gov |
| Accounts receivable | $14,955 | $3,104 | sec.gov |
| Short-term debt | $15,000 | $11,000 | sec.gov |
| Long-term debt | $118,000 | $9,222 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2020 | Progress update | $15,000 | $107,000 | April 30, 2020 | The total amount of securities sold in the offering was $15,194. | sec.gov |
| March 18, 2020 | Amendment | $15,000 | $107,000 | April 30, 2020 | Replacing entire offering statement, including stating interest owed on 504 Notes, clarifying terms of 504 Notes, updating COVID-19 risk factor, adding related party transactions. Correcting notes to financial statements. Minor edits to purchase agreement. | sec.gov |
| March 12, 2020 | Offering | $15,000 | $107,000 | April 30, 2020 | sec.gov |
Updated April 30, 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.