Data / Crowdfunding / Virginia / Williamsburg Distillery
Williamsburg Distillery: crowdfunding raise on First Democracy VC, $50,000 to $1,070,000 (2018)
Williamsburg Distillery, a limited liability company in Williamsburg, VA, filed a Form C with the SEC on May 24, 2018 to raise $50,000 to $1,070,000 in Crowd Note through First Democracy VC. The offering closed on June 4, 2018. In its most recent fiscal year it reported $115,599 in revenue and a net loss of $164,625, with 7 employees.
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- Website
- www.8shires.com
- Funding portal
- First Democracy VC
- Address
- 7218 MERRIMAC TRAIL, UNIT C, Williamsburg, VA 23185
- Legal form
- Limited Liability Company
- Jurisdiction
- VA
- Incorporated
- November 5, 2013
- SEC CIK
- 0001730905
Offering terms
From the amendment filed May 24, 2018.
- Security
- Crowd Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- June 4, 2018
- Portal compensation
- 7.0%
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $115,599 | $131,328 | sec.gov |
| Cost of goods sold | $111,795 | $107,520 | sec.gov |
| Net income | $-164,625 | $-161,785 | sec.gov |
| Taxes paid | $3,997 | $6,366 | sec.gov |
| Total assets | $224,141 | $168,545 | sec.gov |
| Cash | $55,805 | $4,847 | sec.gov |
| Accounts receivable | $9,360 | $5,944 | sec.gov |
| Short-term debt | $8,316 | $8,558 | sec.gov |
| Long-term debt | $793,672 | $586,262 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 28, 2020 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| June 6, 2018 | Progress update | $50,000 | $1,070,000 | June 4, 2018 | $55,947 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| May 24, 2018 | Amendment | $50,000 | $1,070,000 | June 4, 2018 | Updating the Crowd Note to correctly reflect the investment terms. | sec.gov |
| May 4, 2018 | Amendment | $50,000 | $1,070,000 | June 4, 2018 | Adding additional exhibits: 1) Transcript of webinar 2) Copy of Pitch Deck used in Webinar. | sec.gov |
| May 4, 2018 | Amendment | $50,000 | $1,070,000 | June 4, 2018 | Adding additional exhibits: 1) Transcript of webinar 2) Copy of Pitch Deck used in Webinar. | sec.gov |
| April 10, 2018 | Offering | $50,000 | $1,070,000 | June 4, 2018 | sec.gov |
Updated April 28, 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.