Data / Crowdfunding / Arizona / Thumb Butte Distillery, Inc.
Thumb Butte Distillery, Inc.: crowdfunding raise on MicroVenture Marketplace Inc., $50,003 to $600,000 (2019)
Thumb Butte Distillery, Inc., a corporation in Prescott, AZ, filed a Form C with the SEC on April 8, 2019 to raise $50,003 to $600,000 in preferred stock through MicroVenture Marketplace Inc.. The offering closed on May 6, 2019. In its most recent fiscal year it reported $298,113 in revenue and a net loss of $4,356, with 3 employees.
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- Website
- ThumbButteDistillery.com
- Funding portal
- MicroVenture Marketplace Inc.
- Address
- 400 N WASHINGTON AVE 400 N WASHINGTON AVE, Prescott, AZ 86301
- Legal form
- Corporation
- Jurisdiction
- AZ
- Incorporated
- October 8, 2013
- SEC CIK
- 0001758255
Offering terms
From the amendment filed April 8, 2019.
- Security
- Preferred Stock
- Price
- $4.59
- Target
- $50,003
- Maximum
- $600,000
- Deadline
- May 6, 2019
- Portal compensation
- The issuer will not owe a commission to the intermediary at the conclusion of the offering.
Financials
From the Form C-U filed May 21, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $298,113 | $138,112 | sec.gov |
| Cost of goods sold | $18,305 | $82,980 | sec.gov |
| Net income | $-4,356 | $-272,553 | sec.gov |
| Taxes paid | $20,488 | $8,565 | sec.gov |
| Total assets | $52,857 | $90,282 | sec.gov |
| Cash | $-41,058 | $13,612 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $14,673 | $29,245 | sec.gov |
| Long-term debt | $306,746 | $301,141 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 21, 2019 | Progress update | $50,003 | $600,000 | May 6, 2019 | $82,065 in investments. Payments still being processed; final number not yet determined. | sec.gov |
| April 8, 2019 | Amendment | $50,003 | $600,000 | May 6, 2019 | Extending the deadline to reach the targeted offering amount from April 8, 2019 to March 6, 2019. | sec.gov |
| March 13, 2019 | Amendment | $50,003 | $600,000 | April 8, 2019 | Add a webinar transcript attached as Exhibit H to Form C. | sec.gov |
| February 25, 2019 | Amendment | $50,003 | $600,000 | April 8, 2019 | Updated the company summary (attached as Exhibit B to Form C) to include a perks campaign for investors in the Offering. | sec.gov |
| February 11, 2019 | Offering | $50,003 | $600,000 | April 8, 2019 | sec.gov |
Updated May 21, 2019. 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.