Data / Crowdfunding / Texas / UB TAPROOM LLC
UB TAPROOM LLC: crowdfunding raise on First Democracy VC, $50,000 to $1,070,000 (2018)
UB TAPROOM LLC, a limited liability company in Austin, TX, filed a Form C with the SEC on June 8, 2018 to raise $50,000 to $1,070,000 in Revenue Sharing Promissory Notes through First Democracy VC. The offering closed on July 25, 2018. In its most recent fiscal year it reported $1,033,094 in revenue and a net loss of $205,715, with 43 employees.
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- Website
- www.unclebillys.com
- Funding portal
- First Democracy VC
- Address
- 1305 W. OLTORF ST. #300, Austin, TX 78704
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- March 9, 2017
- SEC CIK
- 0001737017
Offering terms
From the amendment filed June 8, 2018.
- Security
- Revenue Sharing Promissory Notes
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- July 25, 2018
- Portal compensation
- 5.0%
Financials
From the Form C-U filed July 27, 2018.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,033,094 | $0 | sec.gov |
| Cost of goods sold | $266,262 | $0 | sec.gov |
| Net income | $-205,715 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,449,558 | $0 | sec.gov |
| Cash | $1,367 | $0 | sec.gov |
| Accounts receivable | $8,932 | $0 | sec.gov |
| Short-term debt | $248,469 | $0 | sec.gov |
| Long-term debt | $1,406,805 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 27, 2018 | Progress update | $50,000 | $1,070,000 | July 25, 2018 | $278,027.00. Payments are still being processed; final number is yet to be determined. | sec.gov |
| June 8, 2018 | Amendment | $50,000 | $1,070,000 | July 25, 2018 | Adding transcript for video webinar, attached as Exhibit F | sec.gov |
| May 17, 2018 | Amendment | $50,000 | $1,070,000 | July 25, 2018 | This Amendment is filed to disclose that the Offering deadline has been extended from June 25, 2018 to July 25, 2018. Additionally, the financials discussed in the Company Summary (attached hereto as Exhibit B) have been updated through April 30, 2018. | sec.gov |
| April 23, 2018 | Offering | $50,000 | $1,070,000 | June 25, 2018 | sec.gov |
Updated July 27, 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.