Data / Crowdfunding / Texas / Texas Beer Company LLC
Texas Beer Company LLC: crowdfunding raise on Wefunder Portal LLC, $100,100 to $1,000,000 (2018)
Texas Beer Company LLC, a limited liability company in Taylor, TX, filed a Form C with the SEC on May 1, 2018 to raise $100,100 to $1,000,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2018. In its most recent fiscal year it reported $242,131 in revenue and a net loss of $251,942, with 10 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- texasbeerco.com
- Funding portal
- Wefunder Portal LLC
- Address
- 201 N Main St, Taylor, TX 76574
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- March 28, 2013
- SEC CIK
- 0001673998
Offering terms
From the amendment filed May 1, 2018.
- Security
- Preferred Stock
- Price
- $140.00
- Target
- $100,100
- Maximum
- $1,000,000
- Deadline
- April 30, 2018
- Portal compensation
- 4.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-U filed May 25, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $242,131 | $36,012 | sec.gov |
| Cost of goods sold | $119,728 | $18,645 | sec.gov |
| Net income | $-251,942 | $2,385 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,086,672 | $16,843 | sec.gov |
| Cash | $857,998 | $4,327 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $13,455 | $0 | sec.gov |
| Long-term debt | $120,979 | $12,663 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 25, 2018 | Progress update | $100,100 | $1,000,000 | April 30, 2018 | $629,810.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| May 1, 2018 | Amendment | $100,100 | $1,000,000 | April 30, 2018 | Included video transcripts, and updated business plan. | sec.gov |
| December 21, 2017 | Amendment | $100,100 | $1,000,000 | April 30, 2018 | Extended campaign, and updated business plan. | sec.gov |
| April 28, 2017 | Offering | $100,100 | $1,000,000 | January 1, 2018 | sec.gov |
Updated May 25, 2018. 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.