Data / Crowdfunding / District of Columbia / True Syrups & Garnishes DBA Pratt Standard Cocktail Company
True Syrups & Garnishes DBA Pratt Standard Cocktail Company: crowdfunding raise on Wefunder Portal LLC, $50,000 to $550,000 (2019)
True Syrups & Garnishes DBA Pratt Standard Cocktail Company, a corporation in Washington, DC, filed a Form C with the SEC on March 4, 2019 to raise $50,000 to $550,000 in Convertible Note through Wefunder Portal LLC. The offering closed on May 31, 2019. In its most recent fiscal year it reported $187,992 in revenue and a net loss of $59,006, with 5 employees.
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- Website
- www.prattstandard.com
- Funding portal
- Wefunder Portal LLC
- Address
- 135 Rhode Island Ave NE, Washington, DC 20002
- Legal form
- Corporation
- Jurisdiction
- DC
- Incorporated
- November 10, 2014
- SEC CIK
- 0001768547
Offering terms
From the offering filed March 4, 2019.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $550,000
- Deadline
- May 31, 2019
- Portal compensation
- 5.0% 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-AR filed June 12, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $187,992 | $191,803 | sec.gov |
| Cost of goods sold | $120,643 | $141,258 | sec.gov |
| Net income | $-59,006 | $-77,544 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $85,366 | $57,574 | sec.gov |
| Cash | $-10,934 | $4,341 | sec.gov |
| Accounts receivable | $6,689 | $7,172 | sec.gov |
| Short-term debt | $323 | $21,201 | sec.gov |
| Long-term debt | $237,632 | $123,803 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 12, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 4, 2019 | Offering | $50,000 | $550,000 | May 31, 2019 | sec.gov |
Updated June 12, 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.