James FC Hyde Sorgho Whiskey

James FC Hyde Sorgho Whiskey

Early Stage

Pioneering a gluten-free, 100% American-grown sorghum "whiskey like no other."

Pioneering a gluten-free, 100% American-grown sorghum "whiskey like no other."

Overview

Raised this Round: Raised: $357,824

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/11/2017

Close Date

10/19/2017

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,600,000

Discount

0%

Year Founded

2008

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

Plantation, Florida

Epec, with a valuation of $3.6 million, is raising funds on Wefunder. Epec is a rare and smooth, gluten-free American whiskey made from the sorghum plant. The taste is delicious, and the whiskey is creating a place for itself in the untapped American market for sorghum spirits. Epec’s James F.C. Hyde Sorgho Whiskey is being distributed to 10 US states, and its case volume tripled in 2018 compared to 2017. Steve Vanechanos, Brian Van Flandern, James Hyde, Ron Miller, and Glenn Pohs founded Epec in 2008. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, working capital, and inventory accumulation.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$30,747

$0

COGS

$-221,252

$-141,042

Tax

$0

$0

 

 

Net Income

$-282,305

$-292,292

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,961

$4,906

Accounts Receivable

$23,308

$0

Total Assets

$329,742

$409,150

Short-Term Debt

$221,274

$122,653

Long-Term Debt

$0

$0

Total Liabilities

$221,274

$122,653

Financials as of: 07/11/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
James FC Hyde Sorgho Whiskey 04/29/2019 Wefunder $7,150,000 $127,065 Convertible Note Funded RegCF
Epec Holdings 11/29/2018 StartEngine $3,850,000 $184,400 Convertible Note Funded RegCF
Epec 04/29/2018 StartEngine $4,812,500 $303,350 Convertible Note Funded RegCF
James FC Hyde Sorgho Whiskey 10/18/2017 Wefunder $3,600,000 $357,824 Convertible Note Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Epec on Wefunder 2017
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,600,000

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