Data / Crowdfunding / Vermont / Tost Beverages, Inc.
Tost Beverages, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2021)
Tost Beverages, Inc., a corporation in Manchester Center, VT, filed a Form C with the SEC on September 14, 2021 to raise $25,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 30, 2021. In its most recent fiscal year it reported $6,763,816 in revenue and a net loss of $432,228, with 12 employees.
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- Website
- tostbeverages.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 5138 MAIN STREET, Manchester Center, VT 05255
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- December 3, 2021
- SEC CIK
- 0001733215
Offering terms
From the amendment filed September 14, 2021.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- September 30, 2021
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the Intermediary.
Financials
From the Form C-AR filed April 29, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,763,816 | $3,206,994 | sec.gov |
| Cost of goods sold | $4,076,530 | $1,997,056 | sec.gov |
| Net income | $-432,228 | $-137,819 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $6,807,494 | $2,050,699 | sec.gov |
| Cash | $1,390,310 | $197,245 | sec.gov |
| Accounts receivable | $2,617,155 | $270,164 | sec.gov |
| Short-term debt | $0 | $739,735 | sec.gov |
| Long-term debt | $1,043,339 | $1,293,102 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 27, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| October 4, 2021 | Progress update | $25,000 | $1,070,000 | September 30, 2021 | The Offering closed successfully on 10/01/2021, having received investment commitments of $373,283.00, although a final accounting has not taken place. | sec.gov |
| September 14, 2021 | Amendment | $25,000 | $1,070,000 | September 30, 2021 | Issuer is correcting a scrivener's error in the table identifying Use of Proceeds and to correct a scrivener's error in the table identifying Directors, Officers and Managers. | sec.gov |
| April 27, 2021 | Amendment | $25,000 | $1,070,000 | September 30, 2021 | Toast Beverages LLC is filing this Form C/A to extend the offering deadline from August 1, 2021 up to and including September 30, 2021. The Form C filed by the Company on April 26, 2021, is hereby amended and superseded in all respects by this Form C/A. | sec.gov |
| April 26, 2021 | Offering | $25,000 | $1,070,000 | August 1, 2021 | sec.gov |
Also on SpecStream
Updated May 1, 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.