Overview
Raised: $63,500
Total Commitments ($USD)
Platform
CrowdFund Mainstreet
Start Date
03/25/2019
Close Date
05/31/2019
Min. Goal
$10,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$962
# of Investors
71
Momentum
Funded
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Year Founded
2013
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Oakland, California
Absinthia’s Bottled Spirits is raising funds on CrowdFund Mainstreet. The company makes and sells organic absinthe using certified organic ingredients. The absinthe of Absinthia’s Bottled Spirits is naturally sweet, delicious, and easy to drink and uses organic herbs and biodynamic grape alcohol. Absinthia’s Bottled Spirits has over 50 high-end customers and has won six awards, including three gold medals. J. Absinthia Vermut founded Absinthia’s Bottled Spirits in July 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used to hire a food and beverage specialist PR firm, travel for trade shows, and hire salespeople.
Summary Profit and Loss Statement
| FY 2018 | FY 2017 | |
|---|---|---|
|
Revenue |
$21,962 |
$5,355 |
|
COGS |
$26,710 |
$10,164 |
|
Tax |
$2,396 |
$1,446 |
| ||
| ||
|
Net Income |
$-53,167 |
$-16,774 |
Summary Balance Sheet
| FY 2018 | FY 2017 | |
|---|---|---|
|
Cash |
$1,796 |
$4,326 |
|
Accounts Receivable |
$3,246 |
$1,248 |
|
Total Assets |
$6,542 |
$7,074 |
|
Short-Term Debt |
$7,106 |
$5,299 |
|
Long-Term Debt |
$11,654 |
$0 |
|
Total Liabilities |
$18,760 |
$5,299 |
Financials as of: 03/25/2019
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